Absolute Gini

Measuring Income Inequality / The Standard Gini Coefficient : a ‘rightist’ measure

Recall that the Gini coefficient is a number between zero and one that measures the degree of inequality in the distribution of income in a given society (named after an Italian statistician, Corrado Gini). The coefficient is zero for a society in which each member receives exactly the same income; it reaches its maximum value … Continue reading →