Get Gini Coefficient Formula
Gif. The gini coefficient is a statistical measure used to calculate inequality within a nation. Next, group the population into different segments based on the level of income.
The gini coefficient is calculated as follows. Foster's book on economic inequality (1973/1997). The coefficient measures the dispersion of incomeremunerationremuneration is any type of compensation or payment that an individual or employee receives as payment for their services or.
The gini coefficient can be calculated if you know the mean of a distribution, the number of people (or percentiles), and the income of each person (or percentile).
We find out the income of all the people in a country and then express this information as a cumulative percentage of people against the cumulative share of income earned. The gini coefficient is a measure of inequality of a distribution. The gini coefficient (gini index or gini ratio) is a statistical measure of economic inequality in a population. So if everyone in a country had the same income, the number would which implemented all formulas from amartya sen's and james e.