The chi-square statistic as an income inequality index
نویسندگان
1 Department of Statistics, Payame Noor University, Tehran, Iran
2 Department of Statistics, University of Sistan and Baluchestan, Zahedan, Iran
doi
10.22060/ajmc.2024.22945.1205چکیده
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.