A hybrid method for creating Lorenz curves

Zuxiang Wang, Russell Leigh Smyth

Research output: Contribution to journal › Article › Research › peer-review

7 Citations (Scopus)

Abstract

We first suggest a bi-parametric Lorenz curve and then analyze the curvature structure of the function. We then build a series of single-parameter Lorenz curves with varied curvatures, which are special cases of the rational function. A hybrid method is then introduced for creating efficient functional models for the Lorenz curve from the single-parameter functional forms. Using grouped income distribution data for the United States, we find that our proposed models perform well.
Original languageEnglish
Pages (from-to)59 - 63
Number of pages5
JournalEconomics Letters
Volume133
DOIs
Publication statusPublished - 2015

Cite this

Wang, Zuxiang ; Smyth, Russell Leigh. / A hybrid method for creating Lorenz curves. In: Economics Letters. 2015 ; Vol. 133. pp. 59 - 63.
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title = "A hybrid method for creating Lorenz curves",
abstract = "We first suggest a bi-parametric Lorenz curve and then analyze the curvature structure of the function. We then build a series of single-parameter Lorenz curves with varied curvatures, which are special cases of the rational function. A hybrid method is then introduced for creating efficient functional models for the Lorenz curve from the single-parameter functional forms. Using grouped income distribution data for the United States, we find that our proposed models perform well.",
author = "Zuxiang Wang and Smyth, {Russell Leigh}",
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Wang, Z & Smyth, RL 2015, 'A hybrid method for creating Lorenz curves', Economics Letters, vol. 133, pp. 59 - 63. https://doi.org/10.1016/j.econlet.2015.05.015

A hybrid method for creating Lorenz curves. / Wang, Zuxiang; Smyth, Russell Leigh.

In: Economics Letters, Vol. 133, 2015, p. 59 - 63.

Research output: Contribution to journal › Article › Research › peer-review

TY - JOUR

T1 - A hybrid method for creating Lorenz curves

AU - Wang, Zuxiang

AU - Smyth, Russell Leigh

PY - 2015

Y1 - 2015

N2 - We first suggest a bi-parametric Lorenz curve and then analyze the curvature structure of the function. We then build a series of single-parameter Lorenz curves with varied curvatures, which are special cases of the rational function. A hybrid method is then introduced for creating efficient functional models for the Lorenz curve from the single-parameter functional forms. Using grouped income distribution data for the United States, we find that our proposed models perform well.

AB - We first suggest a bi-parametric Lorenz curve and then analyze the curvature structure of the function. We then build a series of single-parameter Lorenz curves with varied curvatures, which are special cases of the rational function. A hybrid method is then introduced for creating efficient functional models for the Lorenz curve from the single-parameter functional forms. Using grouped income distribution data for the United States, we find that our proposed models perform well.

U2 - 10.1016/j.econlet.2015.05.015

DO - 10.1016/j.econlet.2015.05.015

M3 - Article

VL - 133

SP - 59

EP - 63

JO - Economics Letters

JF - Economics Letters

SN - 0165-1765

ER -

Wang Z, Smyth RL. A hybrid method for creating Lorenz curves. Economics Letters. 2015;133:59 - 63. https://doi.org/10.1016/j.econlet.2015.05.015

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