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Lorenz curves and Gini coefficients. Before we get to startup funding and its inequality — which, of course, is more feature than bug — let’s understand our curves and coefficients.
Gini developed his coefficient in 1912, building on the work of American economist Max Lorenz, who published a hypothetical way to depict total equality - a straight diagonal line on a graph - in ...
Recently the Press Information Bureau of India embarrassed itself by putting out a note saying India is the ‘fourth most equal’ country in the world. As the British saying goes, “and pigs have wings”.
As a sequel to this, the Lorenz curves and the Gini coefficients are worked out for rural and urban households, and further analysis is attempted subsequently to work out the average debt at a cut-off ...
Last night, Justin Wolfers Tweeted a chart from Visualizing Economics' Catherine Mulbrandon showing Lorenz curves — distribution breakdowns — by income source: labor, capital, business and ...
Chancel and Piketty’s report pegged India’s Gini coefficient at 0.41 to 0.49 for 2010. It is even likely that it crossed 0.5, which is an alarming level of inequality.
A reduction of the minimum wage has an ambiguous impact on the income distribution: the Gini coefficient increases, ... the Gini coefficient, and the shape of the Lorenz curve. We find that most types ...
Gini developed his coefficient in 1912, building on the work of American economist Max Lorenz, who published a hypothetical way to depict total equality - a straight diagonal line on a graph - in ...