What question did this study set out to answer?

The aim is to propose and validate an Entropy Transformed Pareto Distribution for measuring wealth inequality.

May 8, 2026IEEE AccessOpen Access

An Entropy Transformed Pareto Distribution for Measuring Wealth Inequality

View Full Paper

Ask AI

Bookmark

The aim is to propose and validate an Entropy Transformed Pareto Distribution for measuring wealth inequality.
Proposed an Entropy Transformed Pareto Distribution for modeling heavy-tailed behavior.
Applied the model to quarterly GDP data in Nigeria and validated it through simulation.
Estimated parameters using maximum likelihood and four other estimation techniques.
EnTrPD provided Gini coefficients between 0.35 and 0.56, reflecting economic realities.
It showed stability in Atkinson and Generalized Entropy indices compared to classical methods.
Validated through Lorenz curve, the EnTrPD effectively captured extreme wealth concentrations.

No takes yet. Share an insight, caveat, or question.

Randomized trial assesses wealth inequality in Nigeria, indicating improved modeling with EnTrPD.

Mathew et al. (2026) studied this question.

View Full Paper

Ask AI

Bookmark