The second is to calculate what is known is the Gini coefficient. For example, here is a graph from economists Thomas Piketty and Emmanuel Saez documenting how the share of income for the top 10 ...

A high-income country and a low-income country can have the same Gini coefficient, as long as incomes are distributed similarly within each. For example, Turkey and the United States have nearly ...

Fifty years ago, Corrado Gini, inventor of the Gini coefficient, which measures income inequality, died. How does it work, asks Chris Stokel-Walker. When Italian statistician - and former fascist ...

A Gini coefficient of zero expresses perfect equality, where all values are the same (for example, where everyone has the same income), meanwhile the coefficient of 1 (or 100 percent) expresses ...

Income (or wealth) inequality is measured using the normalised Gini coefficient. The normalised Gini coefficient (unlike the traditional Gini coefficient) takes into account negative values in a ...

Ask just about anyone in South Africa about the Gini coefficient and they will either stare at you blankly or tell you only two things: one, the Gini coefficient is the measure of income ...