Related papers: Investigating inequality: a Langevin approach
This article focuses on some properties of three tools used to measure economic inequalities with respect to a distribution of wealth $\mu$: Gini coefficient $G$, Hoover coefficient or Robin Hood coefficient $H$, and the Lorenz…
This paper presents a novel quantitative approach for comparative economic studies, addressing limitations in current classification methods. Conventional approaches in comparative economics often rely on ad hoc and categorical…
Measuring inequalities in a multidimensional framework is a challenging problem which is common to most field of science and engineering. Nevertheless, despite the enormous amount of researches illustrating the fields of application of…
Social inequality is traditionally measured by the Gini-index ($g$). The $g$-index takes values from $0$ to $1$ where $g=0$ represents complete equality and $g=1$ represents complete inequality. Most of the estimates of the income or wealth…
The Gini index is a function that attempts to measure the amount of inequality in the distribution of a finite resource throughout a population. It is commonly used in economics as a measure of inequality of income or wealth. We define a…
This study is concerned with estimating the inequality measures associated with the underlying hypothetical income distribution from the times series grouped data on the Lorenz curve. We adopt the Dirichlet pseudo likelihood approach where…
Inequalities are abundant in a society with a number of agents competing for a limited amount of resource. Statistics of such social inequalities are usually represented by the Lorenz function $L(p)$, where $p$ fraction of the population…
Socio-economic inequality is characterized from data using various indices. The Gini ($g$) index, giving the overall inequality is the most common one, while the recently introduced Kolkata ($k$) index gives a measure of $1-k$ fraction of…
Modeling equity in the allocation of scarce resources is a fast-growing concern in the humanitarian logistics field. The Gini coefficient is one of the most widely recognized measures of inequity and it was originally characterized by means…
Given that the existing parametric functional forms for the Lorenz curve do not fit all possible size distributions, a universal parametric functional form is introduced. By using the empirical data from different scientific disciplines and…
Human deaths caused by individual man-made conflicts (e.g., wars, armed-conflicts, terrorist-attacks etc.) occur unequally across the events (conflicts) and such inequality (in deaths) have been studied here using Lorenz curve and values of…
A society or country with income equally distributed among its people is truly a fiction! The phenomena of socioeconomic inequalities have been plaguing mankind from times immemorial. We are interested in gaining an insight about the…
We propose a multivariate extension of the Lorenz curve based on multivariate rearrangements of optimal transport theory. We define a vector Lorenz map as the integral of the vector quantile map associated with a multivariate resource…
Given many popular functional forms for the Lorenz curve do not have a closed-form expression for the Gini index and no study has utilized the observed Gini index to estimate parameter(s) associated with the corresponding parametric…
We propose a methodology to assess transportation accessibility inequity in metropolitan areas. The methodology is based on the classic analysis tools of Lorenz curves and Gini indices, but the novelty resides in the fact that it can be…
Concern about income inequality has become prominent in public discourse around the world. However, studies in behavioral economics and psychology have consistently shown that people prefer not equal but fair income distributions. Thus,…
Classical inequality curves and inequality measures are defined for distributions with finite mean value. Moreover, their empirical counterparts are not resistant to outliers. For these reasons, quantile versions of known inequality curves…
In this paper we derive inferential results for a new index of inequality, specifically defined for capturing significant changes observed both in the left and in the right tail of the income distributions. The latter shifts are an apparent…
We introduce the social welfare implications of the Zenga index, a recently proposed index of inequality. Our proposal is derived by following the seminal book by Son (2011) and the recent working paper by Kakwani and Son (2019). We compare…
The inequality is computed through the so-called Gini index. The population is assumed to have the variable of interest distributed according to the Gamma probability distribution. The results show that the Gini index is reduced when the…