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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 ...
Gini coefficients are simple, and this simplicity can lead to oversights and can confuse the comparison of different populations; for example, while both Bangladesh (per capita income of $1,693) and the Netherlands (per capita income of $42,183) had an income Gini coefficient of 0.31 in 2010, [72] the quality of life, economic opportunity and ...
The Atkinson index is defined as: (, …,) = {(=) / (=) / = (,...,) = +where is individual income (i = 1, 2, ..., N) and is the mean income.. In other words, the Atkinson index is the complement to 1 of the ratio of the Hölder generalized mean of exponent 1−ε to the arithmetic mean of the incomes (where as usual the generalized mean of exponent 0 is interpreted as the geometric mean).
Online calculator computes the Gini Coefficient, plots the Lorenz curve, and computes many other measures of concentration for any dataset Online calculator: Online (example for processing data from Table HINC-06 [ permanent dead link ] , U.S. Census Bureau, 2007: Income Distribution to $250,000 or More for Households) and downloadable ...
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.
A map showing Gini coefficients for Wealth within countries for 2021. [1]This is a list of countries by distribution of wealth, including Gini coefficients.Wealth distribution can vary greatly from income distribution in a country (see List of countries by income equality).
The Lorenz asymmetry coefficient characterizes an important aspect of the shape of a Lorenz curve. It tells which size or wealth classes contribute most to the population’s total inequality, as measured by the Gini coefficient. If the LAC is less than 1, the inequality is primarily due to the relatively many small or poor individuals.
A more frequently encountered inequality measure is the Gini coefficient which is based on the summation, over all income-ordered population-percentiles, of the cumulative income up to each percentile. That sum is divided by the maximum value that it could have (its value with complete equality), to express it as a percentage of its maximum ...