Beyond Inequality: A Novel Measure of Skewness and Its Properties

12 Pages Posted: 27 Jul 2016

See all articles by Walter Kraemer

Walter Kraemer

University of Dortmund - Department of Statistics; CESifo (Center for Economic Studies and Ifo Institute)

Holger Dette

Ruhr University of Bochum - Faculty of Mathematics

Date Written: June 30, 2016

Abstract

We show that a recent appendix to the Gini-coefficient to make the latter more sensitive to asymmetric income distributions can be viewed as an abstract measure of skewness. We develop some of its properties and apply it to the US-income distribution in 1974 and 2010.

Keywords: inequality, Gini-index, skewness

JEL Classification: C460, D310, D630

Suggested Citation

Kraemer, Walter and Dette, Holger, Beyond Inequality: A Novel Measure of Skewness and Its Properties (June 30, 2016). CESifo Working Paper Series No. 5972, Available at SSRN: https://ssrn.com/abstract=2814916

Walter Kraemer (Contact Author)

University of Dortmund - Department of Statistics ( email )

D-44221 Dortmund
Germany
0231 755-3125 (Phone)
0231 755-5284 (Fax)

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

Holger Dette

Ruhr University of Bochum - Faculty of Mathematics ( email )

Universitatsstr. 150
D-44780 Bochum
Germany
+ 49 234 700 3284 (Phone)
+ 49 234 7094 559 (Fax)

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