We first construct a
Lorenz curve using the wage distribution of the entire sample, which is the purple curve labeled "Cross-sectional" in Figure 1.
Lorenz Curve, Gini Coefficient and Robin Hood Index
Key words: Energy Consumption; Inequality Measures;
Lorenz Curve; EU-15.
The analysis continued with the calculation of the
Lorenz curve. The
Lorenz curve (Figure 2) shows the distribution of tourist arrivals against the months of year.
This creates a type of
Lorenz curve, L(x), which represents how national personal income is actually distributed across die (x = 50) states.
The Pareto
Lorenz curve indicated that a specialized community of bacteria were present in 30 days old panchagavya.
Keywords: Income Inequality; GB2; Gini Index; Generalized entropy measure;
Lorenz CurveTo construct a
Lorenz curve, we rank households according to their wealth; the
Lorenz curve plots the fraction of total wealth that is held by households who are poorer than a given fraction of the population.
where L(i) is the
Lorenz curve, and G is, by definition, [MATHEMATICAL EXPRESSION NOT REPRODUCIBLE IN ASCII].
The Gini Coefficient, founded by Corrado Gini in 1912, is a quantitative representation of the
Lorenz Curve. Looking at Figure 1, we can see that Area A is the area between the actual income distribution and the perfect equality line; and Area B is equal to half the box minus Area A.
The
Lorenz curve represents income inequality: it orders the population according to the share of income.