what is gini coefficient

The function gives a measurable analysis of the income distribution of a region. , ( Questo è anche il valore di Australia e Canada. L'indice di Gini è infatti pari alla metà della Differenza media assoluta divisa per la media dei valori; questa divisione è necessaria per normalizzare l'indice. ) © 2020 BBC.

The idea is picking up steam. A Gini coefficient of 1 (or 100%) expresses maximal inequality among values (e.g., for a large number of people, where only one person has all the income or consumption, and all others have none, the Gini coefficient will be near one). Despite its numerous advantages such as universality and scalabilityScalabilityScalability can fall in both financial and business strategy contexts. Top scientist's Covid warning angers White House, Mongolians battle to keep culture alive in China.

Infatti il coefficiente di Gini tiene conto anche delle diseguaglianze regionali, oltre che di quelle locali, all'interno di una stessa popolazione. It includes whatever base salary an employee receives, along with other types of payment that accrue during the course of their work, which or distribution of wealth among the members of a populationDemographicsDemographics refer to the socio-economic characteristics of a population that businesses use to identify the product preferences and purchasing behaviors of customers. Therefore, inaccurate data can distort the validity of the coefficient. The Gini coefficient of the whole world ranges from 0.60 to 0.68. In addition, in some rare cases, the coefficient can exceed 100%.

+ A Gini coefficient of zero expresses perfect equality, where all values are the same (for example, where everyone has the same income). In questo caso, il coefficiente di Gini può essere approssimato usando diverse tecniche per l'interpolazione e l'estrazione dei valori mancanti della curva di Lorenz. È un numero compreso tra 0 ed 1. Ad esempio, se si applica alla valutazione nella distribuzione della ricchezza, non si può dare il caso di individui a ricchezza negativa.

However, a value greater than one may occur if some person represents negative contribution to the total (for example, having negative income or wealth). A coefficient of zero indicates a perfectly equal distribution of income or wealthGross Domestic Product (GDP)Gross domestic product (GDP) is a standard measure of a country’s economic health and an indicator of its standard of living. The coefficient doesn't capture very explicitly changes in the top 10% - which has become the focus of much inequality research in the past 10 years - or the bottom 40%, where most poverty lies. La definizione matematica del coefficiente di Gini si basa sulla curva di Lorenz della distribuzione ed è legata all'area compresa fra la linea di perfetta uguaglianza e la curva di Lorenz[2].

A In some cases, the coefficient can be the same for countries with different income distributions but equal levels of income. Il coefficiente di Gini misurato per paesi geograficamente molto grandi risulta generalmente molto più alto rispetto a ciascun coefficiente calcolato per le sue regioni.

2 In 2012-13, the UK's Gini score for income inequality was 0.332, as .css-yidnqd-InlineLink:link{color:#3F3F42;}.css-yidnqd-InlineLink:visited{color:#696969;}.css-yidnqd-InlineLink:link,.css-yidnqd-InlineLink:visited{font-weight:bolder;border-bottom:1px solid #BABABA;-webkit-text-decoration:none;text-decoration:none;}.css-yidnqd-InlineLink:link:hover,.css-yidnqd-InlineLink:visited:hover,.css-yidnqd-InlineLink:link:focus,.css-yidnqd-InlineLink:visited:focus{border-bottom-color:currentcolor;border-bottom-width:2px;color:#B80000;}@supports (text-underline-offset:0.25em){.css-yidnqd-InlineLink:link,.css-yidnqd-InlineLink:visited{border-bottom:none;-webkit-text-decoration:underline #BABABA;text-decoration:underline #BABABA;-webkit-text-decoration-thickness:1px;text-decoration-thickness:1px;-webkit-text-decoration-skip-ink:none;text-decoration-skip-ink:none;text-underline-offset:0.25em;}.css-yidnqd-InlineLink:link:hover,.css-yidnqd-InlineLink:visited:hover,.css-yidnqd-InlineLink:link:focus,.css-yidnqd-InlineLink:visited:focus{-webkit-text-decoration-color:currentcolor;text-decoration-color:currentcolor;-webkit-text-decoration-thickness:2px;text-decoration-thickness:2px;color:#B80000;}}measured by the Office for National Statistics.

However, a Gini coefficient value of greater than one may be obtained in a case of a negative contribution to the total wealth or income. Gini coefficient avoids reference to calculated averages of most of the population such as the gross domestic product and can be used to rank different regions or groups. Magazine MonitorA collection of cultural artefacts. It can also be used to compare income distribution within a period, making it easy to determine whether the inequalities are increasing or increasing. A How Has the Literature on Gini's Index Evolved in the Past 80 Years? Valori bassi del coefficiente indicano una distribuzione abbastanza omogenea, con il valore 0 che corrisponde alla pura equidistribuzione, ad esempio la situazione in cui tutti percepiscono esattamente lo stesso reddito; valori alti del coefficiente indicano una distribuzione più diseguale, con il valore 1 che corrisponde alla massima concentrazione, ovvero la situazione dove una persona percepisca tutto il reddito del paese mentre tutti gli altri hanno un reddito nullo. È spesso usato come indice di concentrazione per misurare la diseguaglianza nella distribuzione del reddito o anche della ricchezza. The Gini coefficient measures income the inequality of a population of a country or region. Other characteristics of the Gini coefficient include anonymity since it does not select the type of the income earner, it can also be used to measure disparity over a large population without necessarily considering the size of the economy. k

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Was the above useful? By John Misachi on April 25 2017 in Economics.

What if your pet could 'talk'? VideoHow a little Ant became a financial giant. How does it work, asks Chris Stokel-Walker. 1 The Gini coefficient is one of the most frequently used measures of economic inequality.

x In both cases, it stands for the ability of the entity to withstand pressure of, Join 350,600+ students who work for companies like Amazon, J.P. Morgan, and Ferrari. GINI = A / (A + B) How to read the Gini coefficient. This means that each individual has precisely equal income or wealth. G However, the abovementioned scenarios are extremely rare in the real world.

B Individual cities vary in their equality - London is the most unequal, as measured by the Joseph Rowntree Foundation, while Sunderland is the most equal. Per questa ragione i punteggi calcolati per i Paesi europei sono difficilmente comparabili con il punteggio totalizzato dagli Stati Uniti, ad esempio. This means that each individual has precisely equal income or wealth. .css-14iz86j-BoldText{font-weight:bold;}Fifty years ago, Corrado Gini, inventor of the Gini coefficient, which measures income inequality, died.

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