An Extension of the Lorenz-Diagram with Special Reference to Survival Analysis.
An "adapted Lorenz curve" (ALC) is suggested which relates the cumulative proportion of, say, income earners that receive income below x to the proportion of total income that is earned in income brackets below x. The ALC is especially useful in survival contexts: in that it compactly visualizes the course of the hazard and mean residual life-time functions, it provides considerably richer information on the underlying distribution than the original Lorenz curve. Copyright 1987 by Blackwell Publishing Ltd
Year of publication: |
1987
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Authors: | Riese, Martin |
Published in: |
Oxford Bulletin of Economics and Statistics. - Department of Economics, ISSN 0305-9049. - Vol. 49.1987, 2, p. 245-50
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Publisher: |
Department of Economics |
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