Question
This question concerns income distribution. Say that a country's income is split into quartiles as follows: 1st: 10%, 2nd: 15%, 3rd: 20%, and 4th: 55%.
This question concerns income distribution. Say that a country's income is split into quartiles as follows: 1st: 10%, 2nd: 15%, 3rd: 20%, and 4th: 55%.
a. Draw the Lorenz curve from this data.
b. Compute the Gini coefficient from this data.
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Mostly Harmless Econometrics An Empiricist's Companion
Authors: Joshua Angrist
1st Edition
1400829828, 9781400829828
