The Gini coefficient is equal to the area below the line of perfect equality (0.5 by definition) minus the area below the Lorenz curve, divided by the area below the line of perfect equality.

To find the Gini coefficient, subtract the area beneath the Lorenz curve from the area beneath the line of perfect equality (0.5 by definition). Divide the result by the area beneath the line of ...

A higher Gini Coefficient also could mean temptation for an incumbent government to splurge more on welfare schemes and tax the rich more. Moreover, the 1971 Nobel Prize winner Simon Kuznets had ...

That is, the mean income for the lowest earning quintile ... While these major cities have Gini coefficients that are lower than the list of small cities, their income inequality is nonetheless ...

We recently compiled a report on the 30 Countries with Highest Gini Coefficient and in this article we will look at the country with the highest wealth inequality. According to the World ...

The Gini coefficient is a single summary statistical ... According to a Human Sciences Research Council (HSRC) 2014 report, the definition of “income” for Gini index reporting purposes ...

The Gini index, or Gini coefficient, is a summary measure of income inequality representing how income distribution varies compared with an equal outcome. States with the lowest Gini index figures ...

Income (or wealth) inequality is measured using the normalised Gini coefficient. The normalised Gini coefficient (unlike the traditional Gini coefficient) takes into account negative values in a ...