The Gini index, or Gini coefficient, is a summary measure of income inequality representing how income distribution varies compared with an equal outcome. States with the lowest Gini index figures ...

So we need to pick the best metric possible. For years, the number used to measure inequality has been the Gini coefficient. It’s not hard to see why, given its alluring simplicity: 0 denotes ...

Income (or wealth) inequality is measured using the normalised Gini coefficient. The normalised Gini coefficient (unlike the traditional Gini coefficient) takes into account negative values in a ...