Download or read book On Calculation of the Extended Gini Coefficient written by Duangkamon Chotikapanich and published by . This book was released on 2001 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Calculating the Extended Gini Coefficient from Grouped Data a Covariance Presentation written by Edna Schechtman and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The basic approach to estimating the Gini and extended Gini indices is to approximate the Lorenz curve by a number of linear segments, and then estimate the Gini coefficients as the areas (or weighted areas) between the linear segments and the 45-degree line. We show that the estimator for the extended Gini, obtained from the Lorenz curve (Chotikapanich and Griffiths, 2001) is algebraically identical to a covariance-based estimator. The advantages of the covariance-based estimators are twofold; first, they are easy to compute, using any standard statistical software, and second, the covariance-based estimators allow for the decomposition of the Gini index of a sum of variables (or populations).
Download or read book The Gini Methodology written by Shlomo Yitzhaki and published by Springer Science & Business Media. This book was released on 2012-11-13 with total page 549 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gini's mean difference (GMD) was first introduced by Corrado Gini in 1912 as an alternative measure of variability. GMD and the parameters which are derived from it (such as the Gini coefficient or the concentration ratio) have been in use in the area of income distribution for almost a century. In practice, the use of GMD as a measure of variability is justified whenever the investigator is not ready to impose, without questioning, the convenient world of normality. This makes the GMD of critical importance in the complex research of statisticians, economists, econometricians, and policy makers. This book focuses on imitating analyses that are based on variance by replacing variance with the GMD and its variants. In this way, the text showcases how almost everything that can be done with the variance as a measure of variability, can be replicated by using Gini. Beyond this, there are marked benefits to utilizing Gini as opposed to other methods. One of the advantages of using Gini methodology is that it provides a unified system that enables the user to learn about various aspects of the underlying distribution. It also provides a systematic method and a unified terminology. Using Gini methodology can reduce the risk of imposing assumptions that are not supported by the data on the model. With these benefits in mind the text uses the covariance-based approach, though applications to other approaches are mentioned as well.
Download or read book Income Inequality Poverty and Economic Welfare written by Daniel J. Slottje and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presented are new methods and new empirical studies on the subject of income inequality and poverty. The purpose of the book is to explore new ways to analyze recent trends in income inequality and poverty, both from the perspective of quantifying poverty and inequality and quantifyig the impact of various factors on the trends in inequality and poverty. The novelty lies in the diversity of empirical approaches used and customers will benefit from learning about different methods.
Download or read book Gini Inequality Index written by Nitis Mukhopadhyay and published by CRC Press. This book was released on 2021-04-21 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Prof. Nitis Mukhopadhyay and Prof. Partha Pratim Sengupta, who edited this volume with great attention and rigor, have certainly carried out noteworthy activities." - Giovanni Maria Giorgi, University of Rome (Sapienza) "This book is an important contribution to the development of indices of disparity and dissatisfaction in the age of globalization and social strife." - Shelemyahu Zacks, SUNY-Binghamton "It will not be an overstatement when I say that the famous income inequality index or wealth inequality index, which is most widely accepted across the globe is named after Corrado Gini (1984-1965). ... I take this opportunity to heartily applaud the two co-editors for spending their valuable time and energy in putting together a wonderful collection of papers written by the acclaimed researchers on selected topics of interest today. I am very impressed, and I believe so will be its readers." - K.V. Mardia, University of Leeds Gini coefficient or Gini index was originally defined as a standardized measure of statistical dispersion intended to understand an income distribution. It has evolved into quantifying inequity in all kinds of distributions of wealth, gender parity, access to education and health services, environmental policies, and numerous other attributes of importance. Gini Inequality Index: Methods and Applications features original high-quality peer-reviewed chapters prepared by internationally acclaimed researchers. They provide innovative methodologies whether quantitative or qualitative, covering welfare economics, development economics, optimization/non-optimization, econometrics, air quality, statistical learning, inference, sample size determination, big data science, and some heuristics. Never before has such a wide dimension of leading research inspired by Gini's works and their applicability been collected in one edited volume. The volume also showcases modern approaches to the research of a number of very talented and upcoming younger contributors and collaborators. This feature will give readers a window with a distinct view of what emerging research in this field may entail in the near future.
Download or read book A Family of Correlation Coefficients Based on Extended Gini written by Edna Schechtman and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The extended Gini is a family of measures of variability which is mainly used in the areas of finance and income distribution. Each index in the family is defined by specifying one parameter, which reflects the social evaluation of the marginal utility of income. The higher the parameter, the more weight is attached to the lower portion of the cumulative distribution, reflecting higher concern to poverty. In this paper we list and investigate the properties of the equivalents of the correlation coefficient that are associated with the extended Gini family. In addition, we show that the extended Gini of a linear combination of random variables can be decomposed, in a way which is equivalent to the decomposition of the variance, plus additional terms that reflect additional properties of the random variables. The implication of these properties is that any decomposition that is performed with the coefficient of variation can be replicated by an infinite number of indices that are based on the Extended Gini coefficient.
Download or read book Income Distribution and the Family written by Yoram Ben-Porath and published by Irish Books & Media. This book was released on 1982 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economy Society and Public Policy written by The Core Team and published by Oxford University Press, USA. This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economy, Society, and Public Policy is a new way to learn economics. It is designed specifically for students studying social sciences, public policy, business studies, engineering and other disciplines who want to understand how the economy works and how it can be made to work better. Topical policy problems are used to motivate learning of key concepts and methods of economics. It engages, challenges and empowers students, and will provide them with the tools to articulate reasoned views on pressing policy problems. This project is the result of a worldwide collaboration between researchers, educators, and students who are committed to bringing the socially relevant insights of economics to a broader audience.KEY FEATURESESPP does not teach microeconomics as a body of knowledge separate from macroeconomicsStudents begin their study of economics by understanding that the economy is situated within society and the biosphereStudents study problems of identifying causation, not just correlation, through the use of natural experiments, lab experiments, and other quantitative methodsSocial interactions, modelled using simple game theory, and incomplete information, modelled using a series of principal-agent problems, are introduced from the beginning. As a result, phenomena studied by the other social sciences such as social norms and the exercise of power play a roleThe insights of diverse schools of thought, from Marx and the classical economists to Hayek and Schumpeter, play an integral part in the bookThe way economists think about public policy is central to ESPP. This is introduced in Units 2 and 3, rather than later in the course.
Download or read book Migration Remittances and Inequality written by Oded Stark and published by . This book was released on 1986 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Gini Coefficient written by Giovanni Maria Giorgi and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Gini coefficient (G) is an index for measuring inequality. This entry reviews the use of the G since its appearance in the literature in 1914. It discusses how the Italian statistician Corrado Gini developed it. The entry highlights methodological aspects to explain the various formulas that can be used to calculate the G value and to show the links with the Lorenz curve and the mean difference. It also discusses how some scholars have come to the same results using different formulas of G, depending on the investigated subject. An application to real data is also provided in order to make the use of G simple and immediate. Finally, the extreme topicality of the Gini index is underlined by showing how it is currently used in fields other than economics - such as in archaeology, hydrology, insurance, biomedicine, geosciences, and to evaluate scientific productivity of universities and departments.
Download or read book Models and Measurement of Welfare and Inequality written by Wolfgang Eichhorn and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 1021 pages. Available in PDF, EPUB and Kindle. Book excerpt: The literature on economic problems connected with measuring and modelling of welfare and inequality has grown rapidly within the last decade. Since this literature is scattered throughout a great number of journals on economics, economic theory, econometrics, and statisties, it is difficult to get an adequate picture of the present state of the art. Therefore books should appear from time to time, which offer a representative cross-section of the latest results of research on: the subject. This book offers such material. It contains 54 articles by 84 authors from four of the five continents. Each paper has been reviewed by two referees. As a conse quence, the contributions of this book are revised versions, or, in many cases, revised revisions of the original papers. The book is divided into four parts. Part I: Measurement of Inequality and Poverty This part contains eleven papers on theory and empirical applications of inequa lity and/or poverty measures. Two contributions deal with, among other things, experimental findings on questions concerning the acceptance of distributional axioms. Part II: Taxation and Redistribution Distributional or, rather, redistributional aspects play an important role in Part II. The topics of the 14 papers included in this part range from tax progressivity and redistribution, allocative consequences of splitting under income taxation, and connections between income tax and cost-of-living indices to merit goods and welfarism as well as to welfare aspects of tax reforms.
Download or read book Measuring Education Inequality written by Vinod Thomas and published by World Bank Publications. This book was released on 2001 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Equal access to education is a basic human right. But in many countries gaps in education between various groups are staggering. An education Gini index -- a new indicator for the distribution of human capital and welfare -- facilitates comparison of education inequality across countries and over time.
Download or read book An Analysis of the Extended Mean Gini Coefficient as an Alternative Measure of Risk in Investment Decision Making Under Uncertainty written by John Uwe Okunev and published by . This book was released on 1989 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Econometric Methods for Analyzing Economic Development written by Schaeffer, Peter V. and published by IGI Global. This book was released on 2013-07-31 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring and understanding the analysis of economic development is essential as global economies continue to experience extreme fluctuation. Econometrics brings together statistical methods for practical content and economic relations. Econometric Methods for Analyzing Economic Development is a comprehensive collection that focuses on various regions and their economies at a pivotal time when the majority of nations are struggling with stabilizing their economies. Outlining areas such as employment rates, utilization of natural resources, and regional impacts, this collection of research is an excellent tool for scholars, academics, and professionals looking to expand their knowledge on todays turbulent and changing economy.
Download or read book Top Incomes written by A. B. Atkinson and published by OUP Oxford. This book was released on 2010-04-01 with total page 984 pages. Available in PDF, EPUB and Kindle. Book excerpt: A rapidly growing area of economic research investigates the top of the income distribution using data from income tax records. This volume brings together studies of top incomes for twelve countries from around the world, including China, India, Japan, Argentina and Indonesia. Together with the first volume, published in 2007, the studies cover twenty two countries. They have a long time span, the earliest data relating to 1875 (for Norway), allowing recent developments to be placed in historical perspective. The volume describes in detail the source data and the methods employed. It will be an invaluable reference source for researchers in the field. Individual country chapters deal with the specific nature of the data for each of the countries, and describe the long-term evolution of top income shares. In the countries as a whole, dramatic changes have taken place at the top of the income distribution. Over the first part of the century, top income shares fell markedly. This largely took the form of a reduction in capital incomes. The different authors examine the impact of the First and Second World Wars, contrasting countries that were and were not engaged. They consider the impact of depressions and banking crises, and pay particular attention to the impact of progressive taxation. In the last 30 years, the shares of top incomes have increased markedly in the US and other Anglo-Saxon countries, reflecting the increased dispersion of earnings. The volume includes statistics on the much-discussed top pay and bonuses, providing a global perspective that discusses important differences between countries such as the lesser increase in Continental Europe. This book, together with volume 1, documents this interesting development and explores the underlying causes. The findings are brought together in a final summary chapter by Atkinson, Piketty and Saez.
Download or read book Advances on Income Inequality and Concentration Measures written by Gianni Betti and published by Routledge. This book was released on 2008-04-24 with total page 473 pages. Available in PDF, EPUB and Kindle. Book excerpt: This impressive collection from some of today‘s leading distributional analysts provides an overview a wide range of economic, statistical and sociological relationships that have been opened up for scientific study by the work of two turn-of-the-20th-century economists: C. Gini and M. O. Lorenz. The authors include such figues as Barry A
Download or read book Income Inequality and Poverty written by Nanak Kakwani and published by New York : Published for the World Bank [by] Oxford University Press. This book was released on 1980 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deals with income distribution methods and their economic applications.
