Ask most economists about the level of inequality in a country and chances are they will first point to its Gini coefficient. The statistic gives a single number that shows the level of inequality in the distribution of any kind of good. It could be income, wealth, or consumption. The “Gini” is widely cited and very useful, but a new inequality measure, the Palma index, can help complement the Gini coefficient and other measures of inequality.WCEG
A new and useful measure of inequality
Nick Bunker | Research Associate
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