A NEW FUNCTIONAL FORM FOR ESTIMATING LORENZ CURVES
Review of Income and Wealth1991Vol. 37(4), pp. 447–452
Citations Over TimeTop 10% of 1991 papers
Abstract
There are several functional forms for estimating Lorenz curves from grouped data. Based on studies of the Spanish distribution of income, we propose a new functional form which provides very good fits. Our specification contains the Pareto Lorenz curve as a particular case, and allows one to compute easily, with the provided formulae, the Gini, Kakwani, and Chakravarty Inequality Indexes.
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