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Robust Lorenz Curves: A Semi-Parametric Approach

Nombre de pages27
Maison d'éditionLondon
Collection
  • DARP discussion paper; 50
Date de publication2001
Résumé

Lorenz curves and second-order dominance criteria are known to be sensitive to data contamination in the right tail of the distribution. We propose two ways of dealing with the problem: (1) Estimate Lorenz curves using parametric models for income distributions, and (2) Combine empirical estimation with a parametric (robust) estimation of the upper tail of the distribution using the Pareto model. Approach (2) is preferred because of its flexibility. Using simulations we show the dramatic effect of a few contaminated data on the Lorenz ranking and the performance of the robust approach (2). Statistical inference tools are also provided.

Mots-clés
  • Welfare dominance
  • Lorenz curve
  • Pareto model
  • Mestimators
Citation (format ISO)
COWELL, Frank, VICTORIA-FESER, Maria-Pia. Robust Lorenz Curves: A Semi-Parametric Approach. 2001
Fichiers principaux (1)
Report
accessLevelPublic
Identifiants
  • PID : unige:6620
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Informations techniques

Création12.05.2010 11:12:00
Première validation12.05.2010 11:12:00
Heure de mise à jour14.03.2023 15:29:06
Changement de statut14.03.2023 15:29:06
Dernière indexation15.01.2024 19:58:51
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