Title
Income distribution in the society: econometric models and dominance criteria for intersecting Lorenz curves
Code
GJ17-23411Y
Summary
The Lorenz curve (LC) is the primary tool for comparison of non-negative distributions in terms of inequality. Its use in the field of economics, for the measurement of income inequality or wealth inequality in the society, is well known. The LC gives rise to a preorder, that is, the Lorenz dominance (LD), which is verified only when LCs do not intersect. However, in practical situations Lorenz curves often intersect, hence the project will aim at introducing new alternative finer ranking criteria, based on suitable transformations of the LCs, and to obtain new inequality indices that are isotonic with these orders. We also plan to analyse these finer dominance rules under the main parametric models used for income distributions. New developed models will represent an effective way to relevantly identify existing inequalities of income distribution in the society. Finally, these new methodological tools will be applied to real data of the Eurostat statistics to analyse inequality within the European Union territory.
Start year
2017
End year
2019
Provider
Grantová agentura ČR
Category
Obecná forma
Type
Juniorské granty (GJ)
Solver
Information system of research, development and innovation (in Czech)