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Lorenz Surfaces Based on the Sarmanov-Lee Distribution with Applications to Multidimensional Inequality in Well-Being

Abstract: The purpose of this paper is to derive analytic expressions for the multivariate Lorenz surface for a relevant type of models based on the class of distributions with given marginals described by Sarmanov and Lee. The expression of the bivariate Lorenz surface can be conveniently interpreted as the convex linear combination of products of classical and concentrated univariate Lorenz curves. Thus, the generalized Gini index associated with this surface is expressed as a function of marginal Gini indices and concentration indices. This measure is additively decomposable in two factors, corresponding to inequality within and between variables. We present different parametric models using several marginal distributions including the classical Beta, the GB1, the Gamma, the lognormal distributions and others. We illustrate the use of these models to measure multidimensional inequality using data on two dimensions of well-being, wealth and health, in five developing countries

Other publications of the same journal or congress with authors from the University of Cantabria

 Authorship: Sarabia J.M., Jorda V.,

 Fuente: Mathematics 2020, 8(11), 2095

Publisher: MDPI

 Year of publication: 2020

No. of pages: 17

Publication type: Article

 DOI: 10.3390/math8112095

ISSN: 2227-7390

 Spanish project: PID2019-105986GB-C22

Publication Url: https://doi.org/10.3390/math8112095