Measuring economic inequality

Updated at

29. May 2022

Description

The Gini coefficient G is computed according to the definition in Wikipedia, i.e.
\displaystyle G := \frac{\displaystyle \sum_{i=1}^{n} \sum_{j=1}^n |x_i-x_j|}{\displaystyle 2 n^2 \overline{x}}, where x_i is the income of person i, out of a total of n persons.

Book chapter

5.12 Measuring economic inequality