Applications of Lorenz Curves in Economic Analysis

The Lorenz curve is widely used as a convenient graphical device to represent the size distribution of income and wealth. In the present paper the concept of the Lorenz curve has been extended and generalized to study the relationships among the distributions of different economic variables. Some th...

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Bibliographic Details
Published in:Econometrica 1977-04, Vol.45 (3), p.719-727
Main Author: Kakwani, N. C.
Format: Article
Language:English
Subjects:
Average tax rate
Commodities
Direct taxes
Economic analysis
Economic theory
Egalitarianism
Elasticity
Gini index
Income distribution
Income inequality
Income taxes
Lorenz curve
Progressive taxation
Propensity to consume
Tax rates
Theorems
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Summary:The Lorenz curve is widely used as a convenient graphical device to represent the size distribution of income and wealth. In the present paper the concept of the Lorenz curve has been extended and generalized to study the relationships among the distributions of different economic variables. Some theorems have been proved which have a large number of economic applications.
ISSN:0012-9682
1468-0262
DOI:10.2307/1911684