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The chi-square statistic as an income inequality index

Year: 2025
Type: article
Abstract: This article presents a novel concept known as the chi-square inequality index, developed through the utilization of the chi-square distance function. The study delves into the essential characteristics necessary for an effective inequality index. Additionally, a detailed formulation for the chi-square inequality curve is provided within key inequality models. A comparative analysis between the chi-square curve and the conventional Lorenz curve is conducted. Furthermore, a stochastic order based on the chi-square inequality curve is introduced. The research includes a simulation analysis to explore the statistical properties of the proposed sampling estimator. To conclude, the article highlights the effectiveness of this index through an application to real-world data.
Language: English
Open Access status: green
OpenAlex ID: W7102518205
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