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Two New Exponential Families Of Lorenz Curves

Author

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  • ZuXiang Wang
  • Russell Smyth

Abstract

We present two new Lorenz curve families by using the basic model proposed by Sarabia, Castillo and Slottje (1999). We present estimations which show that the models in our new families are very efficient when applied to data on income distribution for a range of countries from Shorrocks (1983).

Suggested Citation

  • ZuXiang Wang & Russell Smyth, 2007. "Two New Exponential Families Of Lorenz Curves," Monash Economics Working Papers 20-07, Monash University, Department of Economics.
    • Handle: RePEc:mos:moswps:2007-20
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    File URL: http://www.buseco.monash.edu.au/eco/research/papers/2007/2007exponentialwangsmyth.pdf
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    References listed on IDEAS

    as
    1. Sarabia, J. -M. & Castillo, Enrique & Slottje, Daniel J., 1999. "An ordered family of Lorenz curves," Journal of Econometrics, Elsevier, vol. 91(1), pages 43-60, July.
    2. José-María Sarabia & Enrique Castillo & Daniel J. Slottje, 2001. "An Exponential Family of Lorenz Curves," Southern Economic Journal, John Wiley & Sons, vol. 67(3), pages 748-756, January.
    3. Ogwang, Tomson & Rao, U. L. Gouranga, 2000. "Hybrid models of the Lorenz curve," Economics Letters, Elsevier, vol. 69(1), pages 39-44, October.
    4. ZuXiang Wang & Yew-Kwang Ng & Russell Smyth, 2007. "Revisiting The Ordered Family Of Lorenz Curves," Monash Economics Working Papers 19-07, Monash University, Department of Economics.
    5. repec:bla:econom:v:50:y:1983:i:197:p:3-17 is not listed on IDEAS
    6. Chotikapanich, Duangkamon, 1993. "A comparison of alternative functional forms for the Lorenz curve," Economics Letters, Elsevier, vol. 41(2), pages 129-138.
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    Cited by:

    1. Zuxiang Wang & Yew‐Kwang Ng & Russell Smyth, 2011. "A General Method For Creating Lorenz Curves," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 57(3), pages 561-582, September.

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    More about this item

    Keywords

    Lorenz curve;

    JEL classification:

    • D3 - Microeconomics - - Distribution
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling

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