Revisiting "A universal model for the Lorenz curve with novel applications''

Abstract

This research reviews several crucial aspects of the universal model for the Lorenz curve proposed by Sitthiyot and Holasut (2023) (hereafter, SH (2023)). A first issue concerns the mathematical definition of the proposed curves. The four functional forms introduced by SH (2023) do not satisfy the necessary and sufficient conditions for a valid Lorenz curve. We propose corrected versions of the previous curves and derive analytical expressions for some measures of inequality.

arXiv comment16 pages