An Income Inequality Measure Based on the Symmetric Properties of both the Income Distribution and the Lorenz Curve

Document Type : Original Article

Author

Dep.of Statistics, United Arab Emirates University, Al-AIN, UAE

Abstract

In this paper, a new measure of   Income Inequality is proposed. The measure is based on the  Symmetric Properties of both the Income Distribution and the Lorenz Curve. De Cateljau's algorithm is employed to study the shape of the generalized Lorenz Curve. The  Properties measure is sensitive to changes in the extremes of the income distribution. Legendre transforms and Newton-Raphson method are used to develop the new  measure of   inequality.

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