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Two flexible functional form approaches for approximating the Lorenz curve.

This paper introduces two flexible form approaches to approximate Lorenz curves. The first approach expands the inverse function of an income distribution in an exponential polynomial series and derives the Lorenz curve from it. The required convexity condition can be imposed using a Bayesian meth...

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Published in:Journal of Econometrics Vol. 72; pp. 251 - 275
Main Authors: Ryu, Hang K., Slottje, Daniel Jonathan
Format: Article
Published: Elsevier Science May/June 1996
Subjects:
Lorenz curve
Bayesian analysis
Statistical hypothesis testing
Polynomials
Income inequality
United States
South Korea
Online Access:View this record in EBSCOhost