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An alternative single parameter functional form for Lorenz curve

Satya Paul and Sriram Shankar

Crawford School Research Papers from Crawford School of Public Policy, The Australian National University

Abstract: This paper proposes a single parameter functional form for the Lorenz curve and compares its performance with the existing single parameter functional forms using Australian income data for 10 years. The proposed parametric functional form performs better than the existing Lorenz functional forms. The Gini based on the proposed functional form is closest to true Gini each year.

Keywords: Gini coefficient; Lorenz curve; Parametric functional form (search for similar items in EconPapers)
JEL-codes: C80 D31 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2017-11
New Economics Papers: this item is included in nep-ecm
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Citations: View citations in EconPapers (1)

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Journal Article: An alternative single parameter functional form for Lorenz curve (2020) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:een:crwfrp:1712

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