Detailed Information

Cited 4 time in webofscience Cited 5 time in scopus
Metadata Downloads

Measuring income inequality based on unequally distributed incomeopen access

Authors
Park, JoongyangKim, YoungsoonJu, Ae-Jin
Issue Date
Apr-2021
Publisher
SPRINGER HEIDELBERG
Keywords
Coefficient of variation; Gini coefficient; Income inequality; l(1) Norm; l(2) Norm; Normalized norm index; Rawlsian index; Unequally distributed income
Citation
JOURNAL OF ECONOMIC INTERACTION AND COORDINATION, v.16, no.2, pp 309 - 322
Pages
14
Indexed
SSCI
SCOPUS
Journal Title
JOURNAL OF ECONOMIC INTERACTION AND COORDINATION
Volume
16
Number
2
Start Page
309
End Page
322
URI
https://scholarworks.gnu.ac.kr/handle/sw.gnu/3874
DOI
10.1007/s11403-020-00295-1
ISSN
1860-711X
1860-7128
Abstract
This paper proposes a new framework for measuring income inequality. The framework is based on the unequally distributed (UD) incomes that are obtained by removing the equally distributed parts from incomes. We then derive the normalized norm indexes from the cumulative distribution function and the unscaled Lorenz curve of the UD incomes. The relation between the normalized norm indexes and the popular Gini coefficient and coefficient of variation (CV) shows that the Gini coefficient and CV represent only parts of income inequality. We analyze example income distributions and the Luxembourg Income Study datasets to show that the normalized norm indexes evaluate income inequality appropriately and solve the negative income problem.
Files in This Item
There are no files associated with this item.
Appears in
Collections
자연과학대학 > Dept. of Information and Statistics > Journal Articles

qrcode

Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.

Related Researcher

Researcher Kim, Young Soon photo

Kim, Young Soon
자연과학대학 (정보통계학과)
Read more

Altmetrics

Total Views & Downloads

BROWSE