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Distributionally-sensitive inequality indices and the GB2 income distribution

Jenkins, Stephen P. (2009) Distributionally-sensitive inequality indices and the GB2 income distribution. Review of Income and Wealth, 55 (2). pp. 392-398. ISSN 0034-6586

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Abstract

The Generalized Beta of the Second Kind (GB2) income distribution provides an excellent description of income distributions. However the degree of inequality implied by GB2 parameter estimates is typically summarized using the Gini coefficient only. This paper provides formulae for the Generalized Entropy class of inequality indices for GB2 distributions, thereby providing a full range of top-sensitive and bottom-sensitive measures. The usefulness of having a portfolio of distributionally-sensitive indices is demonstrated using GB2-based estimates of British income inequality in 1994/95 and 2004/05.

Item Type: Article
Official URL: http://www.wiley.com/bw/journal.asp?ref=0034-6586
Additional Information: © 2009 The Author
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
Sets: Departments > Social Policy
Research centres and groups > Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD)
Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 02 Feb 2011 16:12
URL: http://eprints.lse.ac.uk/32039/

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