Gini coefficient - Revision history

Jmdonev: 1 revision imported

2017-08-29T01:47:28Z

1 revision imported

← Older revision	Revision as of 01:47, 29 August 2017
(No difference)

Jmdonev at 20:54, 17 August 2017

2017-08-17T20:54:08Z

← Older revision		Revision as of 20:54, 17 August 2017
Line 1:		Line 1:
	[[Category:Done ~~2016~~-04-30]]		[[Category:Done 2017-07-01]]
	[[File:GINI- Graph.png\|350px\|thumb\|right\|Figure 1. The Gini coefficient falls between 0 and 1, the Lorenz Curve illustrates the distribution of incomes for Gini coefficients greater than 0 and less than 1.<ref>Created internally by a member of the Energy Education team.</ref>]]		[[File:GINI- Graph.png\|350px\|thumb\|right\|Figure 1. The Gini coefficient falls between 0 and 1, the Lorenz Curve illustrates the distribution of incomes for Gini coefficients greater than 0 and less than 1.<ref>Created internally by a member of the Energy Education team.</ref>]]
	<onlyinclude>The Gini coefficient measures the amount of income inequality in a given country or region, when measured, a group with a coefficient of 0 has complete equality whereas a group with a coefficient of 1 has total inequality.</onlyinclude><ref name = ~~investopedia~~/>		<onlyinclude>The Gini coefficient measures the amount of income inequality in a given country or region, when measured, a group with a coefficient of 0 has complete equality whereas a group with a coefficient of 1 has total inequality.</onlyinclude><ref name = Ox_econ/>

	Complete inequality means that the group with the highest incomes earns the whole of the share of income earned, one group has all the money. Complete equality means that there is an equal distribution among income levels and the amount of the total income that each group possess. The graph in figure 1 shows what perfect equality and perfect inequality look like. Real countries have a curve (called a Lorenz curve) that is somewhere between the two. The more the Lorenz curve sags, the worse the inequality is within a country.<ref name = ~~investopedia~~>~~Lorenz curve on Investopedia [online] http://www~~.~~investopedia.com/terms/l/lorenz-curve.asp~~ [~~Accessed June 25th~~, ~~2016~~].</ref>		Complete inequality means that the group with the highest incomes earns the whole of the share of income earned, one group has all the money. Complete equality means that there is an equal distribution among income levels and the amount of the total income that each group possess. The graph in figure 1 shows what perfect equality and perfect inequality look like. Real countries have a curve (called a Lorenz curve) that is somewhere between the two. The more the Lorenz curve sags, the worse the inequality is within a country.<ref name=Ox_econ>"A Dictionary of Economics" published Oxford University Press, 2013. Edited by John Black, Nigar Hashimzade, and Gareth Myles Online version accessed [August 17th, 2017].</ref>

	'''Note:''' The Gini coefficient falls between 0 and 1, when indexed, the number is converted to fall between 0 and 100 and should be thought of as a ~~percentage~~.		'''Note:''' The Gini coefficient falls between 0 and 1, when indexed, the number is converted to fall between 0 and 100 and should be thought of as a [[percent]]age.


Line 21:		Line 21:
	<br />		<br />

	'''Notice''' that OECD or "western" countries such as the United States do not always have the best Gini coefficient despite their relative wealth.		'''Notice''' that [[OECD]] or "western" countries such as the United States do not always have the best Gini coefficient despite their relative wealth.
	==References==		==References==
	{{reflist}}		{{reflist}}

Jmdonev: 1 revision imported: From the summer

2016-09-17T22:29:23Z

1 revision imported: From the summer

← Older revision	Revision as of 22:29, 17 September 2016
(No difference)

Jmdonev at 01:05, 23 July 2016

2016-07-23T01:05:49Z

New page

[[Category:Done 2016-04-30]]
[[File:GINI- Graph.png|350px|thumb|right|Figure 1. The Gini coefficient falls between 0 and 1, the Lorenz Curve illustrates the distribution of incomes for Gini coefficients greater than 0 and less than 1.<ref>Created internally by a member of the Energy Education team.</ref>]]
<onlyinclude>The Gini coefficient measures the amount of income inequality in a given country or region, when measured, a group with a coefficient of 0 has complete equality whereas a group with a coefficient of 1 has total inequality.</onlyinclude><ref name = investopedia/>

Complete inequality means that the group with the highest incomes earns the whole of the share of income earned, one group has all the money. Complete equality means that there is an equal distribution among income levels and the amount of the total income that each group possess. The graph in figure 1 shows what perfect equality and perfect inequality look like. Real countries have a curve (called a Lorenz curve) that is somewhere between the two. The more the Lorenz curve sags, the worse the inequality is within a country.<ref name = investopedia>Lorenz curve on Investopedia [online] http://www.investopedia.com/terms/l/lorenz-curve.asp [Accessed June 25th, 2016].</ref>

'''Note:''' The Gini coefficient falls between 0 and 1, when indexed, the number is converted to fall between 0 and 100 and should be thought of as a percentage.

==GINI Around the World==
The map below shows the Gini Index (0-100) number of each country.

'''Note:''' There are data missing for some countries.<ref>Map made by a member of the Energy Education team with data taken from: Central Intelligence Agency: World Factbook. "Country Comparison: Distribution of Family Income - GINI INDEX." [Online], Available: https://www.cia.gov/library/publications/the-world-factbook/rankorder/2172rank.html, [May 22, 2016].</ref> Hover a mouse over a country to get it's Gini Index.

<html>
<center>
<iframe width="600" height="371" seamless frameborder="0" scrolling="no" src="https://docs.google.com/spreadsheets/d/1k2MkZOCLP3Ll0g7iqfAR_g7ZJ82iJE8S1XuAiPr4Zk4/pubchart?oid=217776357&format=interactive"></iframe>
</center>
</html>
<br />

'''Notice''' that OECD or "western" countries such as the United States do not always have the best Gini coefficient despite their relative wealth.
==References==
{{reflist}}