Baseball Prospectus | Flu-Like Symptoms: The Season in Inequality

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October 12, 2017

The Season in Inequality

by Rob Mains

Earlier this summer, I introduced the Gini Coefficient. Well, I introduced it to some of you; others were already familiar with it. The Gini Coefficient, invented by Italian statistician Corrado Gini, measures inequality over a distribution. Gini created the measure to gauge inequality of income or wealth. Here’s a standard application, from the Organization for Economic Cooperation and Development, a club of 35 mostly wealthy countries. It shows the Gini Coefficient of disposable income:

Source: OECD

12 October 2017 | 12:00 am

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