The Gini Coefficient: An Application to Greece

Augustine C. Arize, Paraskevas Bakarezos, Ioannis N. Kallianiotis, John Malindretos and John Phelan

International Journal of Economics and Finance, 2018, vol. 10, issue 3, 205-214

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.

Keywords: Decomposition; Gini coefficient; overlapping component of Gini coefficient; Greece (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ibn:ijefaa:v:10:y:2018:i:3:p:205-214

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