On the capacity of the Gini index to represent income distributions

被引:0
作者
Yang Liu
Joseph L. Gastwirth
机构
[1] George Washington University,Department of Statistics
来源
METRON | 2020年 / 78卷
关键词
Generalized entropy measures; Gini index; Lorenz curve; Measures of income inequality; Pareto distribution; Moment problem;
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中图分类号
学科分类号
摘要
Almost all governmental and international agencies use the Gini index to summarize income inequality in a nation or the world. The index has been criticized because it can have the same value for two different distributions. It will be seen that other commonly used summary measures of inequality are subject to the same criticism. The Gini index has the advantage that it is able to distinguish between two distributions that have identical integer valued generalized entropy measures. Because no single measure can fully summarize a distribution, researchers should consider combining the Gini index with another measure appropriate for the topic being studied.
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页码:61 / 69
页数:8
相关论文
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