Best Best Reviews

Review:

Gini Coefficient

overall review score: 4.5
score is between 0 and 5
The Gini coefficient is a measure of statistical dispersion intended to represent the income distribution of a nation's residents.

Key Features

  • Measures income inequality within a population
  • Ranges from 0 (perfect equality) to 1 (perfect inequality)
  • Commonly used in economics and sociology

Pros

  • Provides a quantitative measure of income inequality
  • Helps policymakers and analysts understand economic disparities
  • Easy to interpret and compare across different countries

Cons

  • Does not account for non-monetary forms of inequality
  • Can be influenced by outliers in income data
  • Does not provide information on the causes of inequality

External Links

Related Items

Last updated: Mon, Feb 3, 2025, 04:34:17 AM UTC