An alternative single parameter functional form for Lorenz Curve

Vol: 
Crawford School Working Paper 1712
Author name: 
Satya Paul
Sriram Shankar
Year: 
2017
Month: 
September
Abstract: 

This paper proposes a single parameter functional form for the Lorenz curve and compares its performance with the existing single parameter functional forms using Australian income data for 10 years. The proposed parametric functional form performs better than the existing Lorenz functional forms. The Gini based on the proposed functional form is closest to true Gini each year.

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