Article Details : |
| | Article Name : | | The Lorenz Curve and Gini Coefficient in Bounded
Pareto Distribution | Author Name : | | EHTESHAM HUSSAIN, MUHAMMAD AHSANUDDIN, MASOOD UL HAQ | Publisher : | | Bridge Center | Article URL : | | | Abstract : | | Gini’s coefficient has been studied extensively to gauge
inequality of income for the total population of a state into a single
digit between zero and one. Geometrically, it is related to the area
enclosed by the Lorenz curve and the distribution function of the
uniform distribution. The study of the Lorenz curve for some
symmetric and some skewed distributions has been done algebraically
and graphically. The distribution which has been selected is bounded
Pareto’s income distribution and the Gini’s index has been achieved by
evaluating the relevant area for different parameters. The study shows
that the distribution obtained is bounded Pareto’s income distribution
which is true for actual situations in the construction of meaningful
indices.
| Keywords : | | Lorenz Curve, Gini Coefficient, Bounded Pareto’s Income
Distribution |
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