r.hc: Richness headcount ratio

In affluenceIndex: Affluence Indices

Description

Computes richness headcount ratio.

Usage

r.hc(x, k)

Arguments

x	the income vector
k	multiple of the median income

Details

Richness headcount ratio is a proportion of the population with incomes above the affluence line

R^{HC}(\mathbf{x},ρ)=\frac{1}{n} ∑_{i=1}^{n} \mathbf{1}_{x_{i} > ρ} = \frac{r}{n},

where x_i is an income of individual i, n is the number of individuals, ρ is the richness line, r is the number of rich.

Value

count.rich	the number of the rich
r.hc	the value of index

Author(s)

Alicja Wolny-Dominiak, Anna S<b1>czewska-Piotrowska

References

1. Brzezi<f1>ski M. (2010) Income affluence in Poland. Social Indicators Research, 99, pp. 285-299.
2. S<b1>czewska-Piotrowska A. (2015) Identification of determinants of income richness using logistic regression model. Zarz<b1>dzanie i Finanse. Journal of Management and Finance, 4, Part 2, pp. 241-259 (in Polish).

Examples

data(affluence)
r <-r.hc(affluence$income,3)
print(r)

affluenceIndex documentation built on May 2, 2019, 8:20 a.m.