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The Gini index is the most commonly used measure of income inequality. Like any single summary measure of a set of data it cannot capture all aspects that are of interest to researchers. One of its widely reported flaws is that it is supposed to be overly sensitive to changes in the middle of...
Persistent link: https://www.econbiz.de/10012967041
The increase in income inequality in many countries, apparently due to a greater relative increase in upper incomes, has become a public policy concern. This paper shows that the standard Gini index underestimates the rate of increase in inequality because a shift of income towards the top...
Persistent link: https://www.econbiz.de/10013065209
The substantial increase in economic inequality in favour of the upper income group in the United States and many other developed and developing nations during the past thirty years has become a major concern in public policy. Modifications of the standard measures of inequality, the Lorenz...
Persistent link: https://www.econbiz.de/10012990684
Persistent link: https://www.econbiz.de/10013441629