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.
These portfolios are natural extensions of the classic
Lorenz curve and associated Gini index that we review in the following.
The
Lorenz curve represents income inequality: it orders the population according to the share of income.
