​Gini Coefficient

  • A recent working paper from the World Inequality Lab has brought renewed attention to the persistent and widening gap between the rich and the poor in India.
  • Economic inequality is assessed using metrics like the Gini coefficient and percentile ratio.
  • The Gini coefficient, or Gini index, is the most commonly used measure of inequality. It was developed by Italian statistician Corrado Gini (1884–1965) and is named after him.
  • It is typically used as a measure of income inequality, but it can be used to measure the inequality of any distribution — such as the distribution of wealth or even life expectancy.
  • It measures inequality ....
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