An Application of the Dagum Type III Model to Measure Household Net Wealth Inequality in Indonesia
Access Status
In process
Authors
Soseco, T.
Olivia, S.
Oxley, Leslie
Date
2024Type
Journal Article
Metadata
Show full item recordCitation
Soseco, T. and Olivia, S. and Oxley, L. 2024. An Application of the Dagum Type III Model to Measure Household Net Wealth Inequality in Indonesia. Journal of Econometric Methods. 13 (2): pp. 281-298.
Source Title
Journal of Econometric Methods
Faculty
Faculty of Business and Law
School
School of Accounting, Economics and Finance
Collection
Abstract
This paper applies the Dagum Type III model to measure household net wealth inequality in Indonesia utilising data from the Indonesian Family Life Survey (IFLS) 1993–2014. The results are the distribution of household net wealth in Indonesia is right-skewed, with long-and sparse-hand tails that reflect a large proportion of households that have very low net wealth and a small proportion of households that have very high net wealth. Further, the inequality of household net wealth in Indonesia declined, as shown by the decrease in the Gini coefficient.