The Gini Coefficient: An Application to Greece


  •  Augustine Arize    
  •  Paraskevas Bakarezos    
  •  Ioannis Kallianiotis    
  •  John Malindretos    
  •  John Phelan    

Abstract

The Gini coefficient is a measure of income inequality. In this study we show that it needs to be adjusted to be a correct measure of income inequality. The result is that decomposition is possible even without the interaction effect. The requirement however, is that there are data on individual incomes. Secondly, the approach is applied to Greece. Third, there is the last section indicating extensions.



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