REVIEW OF INEQUALITY METRICS WITH APPLICATION IN INCOME INEQUALITY IN LOUISIANA

Mihaela Paun
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Mihaela Paun: Louisiana Tech University

Romanian Economic Business Review, 2008, vol. 3, issue 3, 82-88

Abstract: Economic data sets usually are, by their nature, very large and therefore researchers naturally want to analyze the distribution of the data set and make statistical inference about various parameters of interest, such as means, medians, variances, etc. To perform such tasks several incomes metrics or indices are generally used. Among the metrics widely used, we will consider in this paper only three: Lorenz curve, the the so-called S-Gini index and the Atkinson index. We also consider a general index of economic inequality that covers a number of indices, including the aforementioned S-Gini and Atkinson indices.

Keywords: Economic inequality; Gini index; Atkinson index; asymptotic normality (search for similar items in EconPapers)
Date: 2008
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