‘Mingling’ the Gini Index and the Mean Income to Rank Countries by Inequality and Social Welfare

Ivica Urban

A chapter in Mobility and Inequality Trends, 2023, vol. 30, pp 139-163 from Emerald Group Publishing Limited

Abstract: Various indicators of income inequality and social welfare can be obtained simply by using the Gini index and the mean income of the population. This paper reviews existing indicators and presents several new indicators of this kind. While contemporary researchers seem to be preoccupied with relative inequality, this paper advocates for using intermediate inequality views and supplementing inequality rankings of countries with rankings based on social welfare. Empirical analysis, performed for 36 European countries, demonstrates such an approach’s advantages.

Keywords: Income inequality; relative inequality; absolute inequality; intermediate inequality views; social welfare; European countries; Gini index (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eme:reinzz:s1049-258520230000030005

DOI: 10.1108/S1049-258520230000030005

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