The Lorenz curve is a central piece in calculating the Gini coefficient, a mathematical representation of inequality levels. Because Lorenz curves are mathematical estimates based on fitting a ...

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.

The Gini coefficient measures how far the actual Lorenz curve for a society's income or wealth is from the line of equality. Both the Lorenz curve and the line of equality are plotted on a graph.

And what are the tools? Lorenz curves and Gini coefficients. Before we get to startup funding and its inequality — which, of course, is more feature than bug — let’s understand our curves ...

The 45 degree angle divides a square in half. The Lorenz curve divides that half into two sections — A and B. The gini coefficient equals A / (A+B). The downside to using a gini coefficient to ...

Fifty years ago, Corrado Gini, inventor of the Gini coefficient, which measures income inequality, died. How does it work, asks Chris Stokel-Walker. When Italian statistician - and former fascist ...

The Gini Coefficient for the country is estimated ... Prize winner Simon Kuznets had an interesting viewpoint. The Kuznets Curve demonstrated that economic growth initially leads to greater ...

Fifty years ago, Corrado Gini, inventor of the Gini coefficient, which measures income inequality, died. How does it work, asks Chris Stokel-Walker. When Italian statistician - and former fascist ...