Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5058554 | Economics Letters | 2015 | 4 Pages |
Abstract
â¢Wang and Smyth (2015) propose a bi-parametric Lorenz curve.â¢We demonstrate that it is a reparameterization of the hyperbolic Lorenz curve.â¢We provide two different estimators for the parameters of the model.â¢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.
Keywords
Related Topics
Social Sciences and Humanities
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Economics and Econometrics
Authors
José MarÃa Sarabia, Faustino Prieto, Vanesa Jordá,