The independent variables were: the GINI
coefficient, the economic growth rate, and the unemployment rate.
It is important also to note, however, that the Gini
coefficients, (calculated with data from household surveys), for several Latin American countries are in the range of 45-55 percent, quite high by international standards.
Index: Table 1 reveals the value of the Gini
coefficient when using state per capita personal incomes to estimate a Lorenz curve for the 50 states.
When [delta] = 2, the following formula is the original Gini
2000) proposed measurement of educational Gini
41 rating, the only county where the Gini
Index went down.
Therefore the Gini
Coefficient must be between zero and one because the equation tells us that perfect equality would give a coefficient of zero, and perfect inequality would give a coefficient of one.
Game outcomes (coded as previously described and hereafter called WIN) were regressed on the team's Gini
) and the natural logarithm of average team salary (lnSALARY).
1) Al Gini
and Alexei Marcoux, The Ethics of Business: A Concise Introduction (Lanham, MD: Rowman & Littlefield, 2012).
These portfolios are natural extensions of the classic Lorenz curve and associated Gini
index that we review in the following.
The statistic that they used to gauge income inequality was the Gini
coefficient, which measures income distribution: a Gini
coefficient of zero stands for perfect equality, whereas a Gini
coefficient of 1 (or 100 percent) stands for maximum inequality.
Interest in the determinants of income inequality, most commonly measured as the Gini
index, has been sparked by a trend towards greater inequality in most of the advanced economies since about 1970 (Alderson and Nielsen, 2002; Atkinson, 2004).