Article ID Journal Published Year Pages File Type
5058554 Economics Letters 2015 4 Pages PDF
Abstract

•Wang and Smyth (2015) propose a bi-parametric Lorenz curve.•We demonstrate that it is a reparameterization of the hyperbolic Lorenz curve.•We provide two different estimators for the parameters of the model.•We obtain closed expressions for several inequality measures.

In a recent paper in this journal, Wang and Smyth (2015) propose a new bi-parametric functional form for the Lorenz curve and use it to derive new parametric forms. In this paper, we demonstrate that the new bi-parametric model is a reparameterization of the hyperbolic Lorenz curve proposed by Arnold (1986). We obtain new and important properties not previously considered.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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