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 ....
