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Distributionally-sensitive inequality indices and the GB2 income distribution

Jenkins, SP (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
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Social Sciences
Faculty of Social Sciences > Institute for Social and Economic Research
SWORD Depositor: Elements
Depositing User: Elements
Date Deposited: 27 Sep 2013 11:32
Last Modified: 15 Jan 2022 01:06
URI: http://repository.essex.ac.uk/id/eprint/8003

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