On the Mathematics of Income Inequality: Splitting the Gini Index in Two
Income distribution is described by a two-parameter model for the Lorenz curve. This model interpolates between self-similar behavior at the low and high ends of the income spectrum, and naturally leads to two separate indices describing both ends individually. These new indices accurately capture r...
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| Veröffentlicht in: | The American mathematical monthly 2012-12, Vol.119 (10), p.824-837 |
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| container_end_page | 837 |
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| container_title | The American mathematical monthly |
| container_volume | 119 |
| creator | Jantzen, Robert T Volpert, Klaus |
| description | Income distribution is described by a two-parameter model for the Lorenz curve. This model interpolates between self-similar behavior at the low and high ends of the income spectrum, and naturally leads to two separate indices describing both ends individually. These new indices accurately capture realistic data on income distribution, and give a better picture of how income data is shifting over time. |
| doi_str_mv | 10.4169/amer.math.monthly.119.10.824 |
| format | Article |
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| ispartof | The American mathematical monthly, 2012-12, Vol.119 (10), p.824-837 |
| issn | 0002-9890 1930-0972 |
| language | eng |
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| source | Jstor Complete Legacy; Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals; Alma/SFX Local Collection; JSTOR Mathematics & Statistics |
| subjects | Censuses Gini index Income distribution Income inequality Income shares Lorenz Curve Mathematical functions Mathematical inequalities Mathematics Power laws Statistics |
| title | On the Mathematics of Income Inequality: Splitting the Gini Index in Two |
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