TITLE:
Income Inequality Measures
AUTHORS:
Johan Fellman
KEYWORDS:
Lorenz Curve, Gini Index, Pietra Index, Pareto Distribution, Simplified Rao-Tam Distribution, Chotikapanich Distribution
JOURNAL NAME:
Theoretical Economics Letters,
Vol.8 No.3,
February
14,
2018
ABSTRACT: Income distributions are commonly unimodal and skew
with a heavy right tail. Different skew models, such as the lognormal and the
Pareto, have been proposed as suitable descriptions of income distribution and
applied in specific empirical situations. More wide-ranging tools have been
introduced as measures for general comparisons. In this study, we review the
income analysis methods and apply them to specific Lorenz models.