Income Inequality Measures
2018
Income distributions are commonly unimodal and skew
with a heavy right tail. Different skew models, such as the lognormal and the
Pareto, have been proposed as suitable descriptions of income distribution and
applied in specific empirical situations. More wide-ranging tools have been
introduced as measures for general comparisons. In this study, we review the
income analysis methods and apply them to specific Lorenz models.
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