The Lorenz Curve: The Lorenz Curve

Measuring Income Inequality

The Lorenz Curve: The Lorenz Curve

The Lorenz Curve: Plotting the Lorenz Curve

Measuring Income Inequality

The Lorenz Curve: Plotting the Lorenz Curve

The Lorenz Curve: Characteristics of the Lorenz Curve

Measuring Income Inequality

The Lorenz Curve.  An equation wanted to do for a long time knew had to try one.  Discovered by Edward Norton #Lorenz, this shape is a mathmatical wonder.

The Lorenz Curve. An equation wanted to do for a long time knew had to try one. Discovered by Edward Norton #Lorenz, this shape is a mathmatical wonder.

Figure 1: Illustration of Gini Coefficient and Its Calculation.  Suppose we examine the income of every individual of a country and arrange the individuals in order of increasing income. If we plot the percentage of national income versus the population percentage (Lorenz curve), we will get a curve like that shown

Income Inequality and the Gini Coefficient

Figure 1: Illustration of Gini Coefficient and Its Calculation. Suppose we examine the income of every individual of a country and arrange the individuals in order of increasing income. If we plot the percentage of national income versus the population percentage (Lorenz curve), we will get a curve like that shown

Inkomensverdeling per Amerikaanse staat (niet weergegeven in een Lorenz curve, maar in een staafdiagram).

Inkomensverdeling per Amerikaanse staat (niet weergegeven in een Lorenz curve, maar in een staafdiagram).

GINI Coefficient: The National Income Equality Score. According to this version, we have Sweden at 23. Denmark: 24. Slovenia: 24. Iceland: 25...United States: 45...and last, and actually quite least, Namibia at 71. Funny thing, we tend to enjoy our communities a lot more when our neighbors have about the same amount of wealth as we do.

GINI Coefficient: The National Income Equality Score. According to this version, we have Sweden at 23. Denmark: 24. Slovenia: 24. Iceland: 25...United States: 45...and last, and actually quite least, Namibia at 71. Funny thing, we tend to enjoy our communities a lot more when our neighbors have about the same amount of wealth as we do.

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