WebNov 12, 2012 · 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 ... WebIn economics, the Gini coefficient ( / ˈdʒiːni / JEE-nee ), also known as the Gini index or Gini ratio, is a measure of statistical dispersion intended to represent the income inequality or the wealth inequality or the consumption inequality [3] within a nation or a social group. It was developed by statistician and sociologist Corrado Gini .
What does the value of the Gini coefficient 0.2876 mean?
WebMar 24, 2024 · The Gini Index facilitates the bigger distributions so easy to implement whereas the Information Gain favors lesser distributions having small count with multiple specific values. The method of... WebThe Gini coefficient is for analyzing wealth or income distribution. Therefore, one can use it to compare income inequality across different population sectors. For instance, one can compare the Gini index of urban areas in a country with rural areas. Similarly, one can compare one country’s Gini index to another’s. blm land camping oregon
Glossary DataBank - World Bank
WebNov 30, 2024 · You get a Gini coefficient of 0.225. Now, cut the bottom 40%'s income by two-thirds—to 8.3% of the nation's total income—and give the difference to the top 10%, who now earn 41.7% (the amount ... WebOct 8, 2024 · Gini Index The Gini Index is a summary measure of income inequality. The Gini coefficient incorporates the detailed shares data into a single statistic, which summarizes … WebFeb 14, 2012 · Anyone following the inequality debate so far has probably heard of the Gini coefficient. America’s Gini coefficient is 46.9. Or 37.0. Or maybe as high as 57.4. Really, it depends who you ask. The Gini coefficient was first defined in a 1912 paper by the Italian economist Corrado Gini (1884-1965). blm land camping texas