Lorenz ordering of generalized beta-II income distributions
Wilfling Bernd
Abstract
The paper investigates the Lorenz order within the four-parameter family of generalized beta distributions of the second kind. The sufficient and necessary conditions for this family can be used for an exhaustive exploration of the Lorenz order within other widely used income distribution models such as the Singh-Maddala distribution or the simple beta distribution of the second kind.
Keywords
Lorenz curve; ranking income distributions; social welfare; inequality
Publication type
Research article (journal)
Peer reviewed
Yes
Publication status
Published
Year
1996
Journal
Journal of Econometrics
Volume
71
Start page
381
End page
388
Language
English
ISSN
0304-4076