The Lorenz curve in economics and econometrics
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Date
2005-10-12T06:57:48Z
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Abstract
This paper surveys selected applications of the Lorenz curve and related stochastic orders in economics and econometrics, with a bias towards problems in statistical distribution theory. These include characterizations of income distributions in terms of families of inequality measures, Lorenz ordering of multiparameter distributions
in terms of their parameters, probability inequalities for distributions of quadratic
forms, and Condorcet jury theorems.
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Keywords
characterizations, Condorcet jury theorem, income distribution, income inequality, Lorenz curve, Lorenz order, majorization, statistical distributions