Efficient Estimation of the Lorenz Curve and Associated Inequality Measures from Grouped Observations
Efficient Estimation of the Lorenz Curve and Associated Inequality Measures from Grouped Observations
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根据分组观测有效估计洛伦兹曲线和相关不平等措施
DOI:
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发表时间:
1976
期刊:
影响因子:
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通讯作者:
N. Podder
中科院分区:
文献类型:
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作者:
N. Kakwani;N. Podder
The Lorenz curve is widely used to represent and analyze the size distribution of income and wealth. The purpose of this paper is to introduce a new coordinate system for the Lorenz curve, with particular attention to a special case of wide empirical validity. Four alternative methods have been used to estimate the proposed Lorenz curve from the grouped observations. The well-known inequality measures are obtained as the function of the estimated parameters of the Lorenz curve. The procedure of estimating the asymptotic standard errors of the inequality measures is also provided. In addition, the frequency distribution is derived from the equation of the Lorenz curve. A new representation of the Lorenz curve is introduced and related to a number of conventional measures of income inequality. The report describes a number of estimation methods and reports some empirical results based on the data from the Australian survey of Consumer Expenditure and Finances.