Measuring economic inequality using the Lorenz curve
Margaret M. Street, Derald Dee Walling
Abstract
Margaret M. Street, Derald Dee Walling
Abstract
The Gini Coefficient is a widely used index for measuring economic inequality [1‐5] as defined by a Lorenz curve. This paper illustrates an analytical approach to measuring economic inequality. This approach bypasses certain problems associated with the use of the Gini and affords the researcher the opportunity to more carefully define the differences between two populations.
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The Gini Coefficient is a widely used index for measuring economic inequality [1‐5] as defined by a Lorenz curve. This paper illustrates an analytical approach to measuring economic inequality. This approach bypasses certain problems associated with the use of the Gini and affords the researcher the opportunity to more carefully define the differences between two populations.
Key concepts: Lorenz curve, Gini coefficient, Inequality, Econometrics, Index (typography), Mathematics, Economics, Economic inequality