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In economics, the Gini coefficient (/ ˈ dʒ iː n i / JEE-nee), also known as the Gini index or Gini ratio, is a measure of statistical dispersion intended to represent the income inequality, the wealth inequality, or the consumption inequality [2] within a nation or a social group. It was developed by Italian statistician and sociologist ...
A complete handout about the Lorenz curve including various applications, including an Excel spreadsheet graphing Lorenz curves and calculating Gini coefficients as well as coefficients of variation. LORENZ 3.0 is a Mathematica notebook which draw sample Lorenz curves and calculates Gini coefficients and Lorenz asymmetry coefficients from data ...
The Wealth Gini coefficients from 2008 are based on a working paper published by the National Bureau of Economic Research. [5] The Wealth Gini numbers for 2018, 2019, and 2021 come from the Global Wealth Databook by Credit Suisse. [6] [7] [8] * indicates "Wealth inequality in COUNTRY or TERRITORY" or "Income inequality in COUNTRY or TERRITORY ...
This is a list of countries and territories by income inequality metrics, as calculated by the World Bank, UNU-WIDER, OCDE, and World Inequality Database, based on different indicators, like Gini coefficient and specific income ratios.
English: When the richest u % of the population (red) equally share f % of all income or wealth, and the others (green) equally share the remainder, the Gini coefficient is f − u. A smooth distribution (blue) with the same characteristics will always have a larger Gini coefficient.
Compared to the Gini coefficient in practice, CV puts higher weight on the right tail of the scale, making it sensitive to the rich. Coefficient of variation may be a suitable choice of measure if the goal of a study is to analyze the wealth concentration at the top of the distribution.
Economic inequality is an umbrella term for a) income inequality or distribution of income (how the total sum of money paid to people is distributed among them), b) wealth inequality or distribution of wealth (how the total sum of wealth owned by people is distributed among the owners), and c) consumption inequality (how the total sum of money spent by people is distributed among the spenders).
Corrado Gini (23 May 1884 – 13 March 1965) was an Italian statistician, demographer and sociologist who developed the Gini coefficient, a measure of the income inequality in a society. Gini was a proponent of organicism and applied it to nations. [1] Gini was a eugenicist, and prior to and during World War II, he was an advocate of Italian ...