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Parametric Lorenz curves based on the beta system of distributions

Abstract: Some families of Lorenz curves only approximate specific segments of the income distribution. This potential limitation motivates the consideration of more flexible models, which depart from a convenient form of the Lorenz curve. We begin with a Lorenz curve from which we generate a more flexible family of Lorenz curves through two new parameters. We explore the main properties of this family, including the Lorenz ordering, inequality measures, and Leimkhuler curves. An empirical application with US data suggests that the proposed models fit income data accurately.

 Autoría: Gómez–Déniz E., Sarabia J.M., Jordá V.,

 Fuente: Communications in Statistics. Theory and Methods, 2022, 51(23), 8371-8390

Editorial: Taylor and Francis Ltd.

 Año de publicación: 2022

Nº de páginas: 20

Tipo de publicación: Artículo de Revista

 DOI: 10.1080/03610926.2021.1894449

ISSN: 0361-0926,1532-415X

 Proyecto español: ECO2017-85577-P

Url de la publicación: https://doi.org/10.1080/03610926.2021.1894449

Autoría

GÓMEZ DÉNIZ, EMILIO

SARABIA, JOSÉ MARÍA