Encyclopedia > Gini coefficent

  Article Content

Gini coefficient

Redirected from Gini coefficent

The Gini coefficient was developed by the Italian statistician Corrado Gini. It is a measure of the income inequality in a society.

The Gini coefficient is a number between 0 and 100, where 0 means perfect equality (everyone has the same income) and 100 means perfect inequality (one person has all the income, everyone else earns nothing).

While the Gini coefficient is normally used to measure income inequality, it can be used to measure inequality of assets as well.

The Gini coefficient is calculated using the Lorenz curve: the Gini coefficient is the area between the line of perfect equality and the Lorenz curve, as a percentage of the area between the line of perfect equality and the line of perfect inequality.



All Wikipedia text is available under the terms of the GNU Free Documentation License

 
  Search Encyclopedia

Search over one million articles, find something about almost anything!
 
 
  
  Featured Article
Islip Terrace, New York

... two or more races. 6.61% of the population are Hispanic or Latino of any race. There are 1,755 households out of which 43.6% have children under the age of 18 living ...

 
 
 
This page was created in 27.6 ms