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Picketty Uses the Gini Coefficient to Describe Inequality

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By lining up the whole population from poorest to richest and calculating the percentage of income each. Graham Sowter takes issue with a recent letter by Tim Worstall of the Adam Smith Institute that cited data suggesting that income inequality has decreased. Sampling Distribution Of Gini Coefficient R Bloggers The Gini coefficient is a commonly-used measure of income inequality that condenses the entire income distribution for a country into a single number between 0 and 1. . Coefficient a statistical tool introduced by the Italian mathematician and sociologist Corrado Gini in 1912. Using the information above we can calculate the Gini coefficient using the following formula. It you say Gini is 045 but I cant tell you if the level of inequality reflects the same people staying poor or that the situation of two groups has recently changed then the only use of Gini. The Gini coefficient measures income concentration at eac...
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