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What it is – How it works?
[By Staff reporters]
The Gini Coefficient (also known as the Gini index or Gini ratio) is a measure of statistical dispersion intended to represent the income distribution of a nation’s residents, and is the most commonly used measure of inequality.
It is related to the Lorenz Curve and was developed by the Italian statistician and sociologist Corrado Gini and published in his 1912 paper Variability and Mutability.
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MORE: https://www.investopedia.com/terms/g/gini-index.asp
Assessment
Recently, the Gini Index has been in the Atlanta, Georgia news; and not in a good way. Learn why here?
Conclusion
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Filed under: "Ask-an-Advisor", Ethics, Health Economics, LifeStyle | Tagged: corrado gini, gini coefficient, gini index, Gini ratio, Lorenz curve | 2 Comments »
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