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Analysis of inequality in the upper-tail of urban household incomes in Malaysia.
- Source :
-
AIP Conference Proceedings . 2020, Vol. 2266 Issue 1, p1-8. 8p. - Publication Year :
- 2020
-
Abstract
- Income inequality is a matter of concern for any society and an interesting discussion topic, particularly for developing countries, since high-income inequality could be detrimental to economic growth. In Malaysia, upper-income earners are classified as the T20 group. This study analyzes the demographic profile of members of the T20 group living in urban areas in Malaysia. The upper-income distribution is described using the Pareto model, and a robust and efficient estimator called the probability integral transform statistic estimator is utilized to estimate the shape parameter of this model. Thereafter, a Gini index and Lorenz curve are derived to analyze the severity of income inequality among T20 group members. [ABSTRACT FROM AUTHOR]
- Subjects :
- *INCOME
*INCOME inequality
*LORENZ curve
*ECONOMIC expansion
*PARETO distribution
Subjects
Details
- Language :
- English
- ISSN :
- 0094243X
- Volume :
- 2266
- Issue :
- 1
- Database :
- Academic Search Index
- Journal :
- AIP Conference Proceedings
- Publication Type :
- Conference
- Accession number :
- 146319348
- Full Text :
- https://doi.org/10.1063/5.0018073