Tuesday, 28 May, 11:30 (WEST)
Hybrid – FEP, Room 156 & Online
Speaker
Francesca Condino
Dep. Economics, Statistics, and Finance “Giovanni Anania”
University of Calabria, Italy
Title
Clustering Income Data Based on Share Densities: Hierarchical and Non-Hierarchical Algorithms
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Abstract
Starting from a situation where a reference population of income earners is naturally divided into subgroups, the aim is to explore the similarity of these sub-populations in terms of income inequality. To this end, a particular function, the so-called share density, strongly related to Lorenz curve and inequality measures, is considered for drawing information on income concentration. The Jensen-Shannon dissimilarity measure is proposed to evaluate the discrepancy across share densities, and some hierarchical and non-hierarchical clustering algorithms for unconventional data are defined. Obtained results on data from the Survey on Households Income and Wealth, carried out by Bank of Italy, and from EU-SILC survey, by Eurostat, are shown.
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