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An Application of the Dagum Type III Model to Measure Household Net Wealth Inequality in Indonesia

Author

Listed:
  • Soseco Thomas

    (Fakultas Ekonomi dan Bisnis, 106251 Universitas Negeri Malang , Jl. Semarang 5, Malang, Indonesia)

  • Olivia Susan

    (Te Raupapa – Waikato Management School, School of Accounting, Finance and Economics Operations, The University of Waikato, Private Bag 3105, Hamilton 3240, New Zealand)

  • Oxley Les

    (Te Raupapa – Waikato Management School, School of Accounting, Finance and Economics Operations, The University of Waikato, Private Bag 3105, Hamilton 3240, New Zealand)

Abstract

This paper applies the Dagum Type III model to measure household net wealth inequality in Indonesia utilising data from the Indonesian Family Life Survey (IFLS) 1993–2014. The results are the distribution of household net wealth in Indonesia is right-skewed, with long-and sparse-hand tails that reflect a large proportion of households that have very low net wealth and a small proportion of households that have very high net wealth. Further, the inequality of household net wealth in Indonesia declined, as shown by the decrease in the Gini coefficient.

Suggested Citation

  • Soseco Thomas & Olivia Susan & Oxley Les, 2024. "An Application of the Dagum Type III Model to Measure Household Net Wealth Inequality in Indonesia," Journal of Econometric Methods, De Gruyter, vol. 13(2), pages 281-298.
    • Handle: RePEc:bpj:jecome:v:13:y:2024:i:2:p:281-298:n:1001
    DOI: 10.1515/jem-2022-0026
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    More about this item

    Keywords

    household net wealth; negative values; Dagum Type III;
    All these keywords.

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • C55 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Large Data Sets: Modeling and Analysis
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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