Hang Keun Ryu
Abstract
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A bottom poor sensitive Gini coefficient (pgini) is defined by replacing income observations with their reciprocal values in the Gini coefficient. The underlying true income share function can be derived approximately using the maximum entropy method given the pgini coefficient.
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A bottom poor sensitive Gini coefficient (pgini) is defined by replacing income observations with their reciprocal values in the Gini coefficient. The underlying true income share function can be derived approximately using the maximum entropy method given the pgini coefficient.
Key concepts: Gini coefficient, Reciprocal, Mathematics, Statistics, Econometrics, Principle of maximum entropy, Lorenz curve, Economics