Sunday Times News: The Gini Coefficient is a measure of inequality of income distribution or inequality of wealth distribution.

For example, Turkey and the United States have nearly identical Gini coefficients, according to the Organisation for Economic Co-operation and Development (OECD), despite Turkey’s vastly lower ...

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 ...

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 ...

Nor is that the only problem with the Gini coefficient. Take a hypothetical society in which the top 10% of the population earns 25% of the total income, and so does the bottom 40%. You get a Gini ...

The Gini coefficient is a single summary statistical measure between 0 and 1 that measures the extent to which the distribution of any data set deviates from a perfectly equal distribution.