Socio-economic inequality: Relationship between Gini and Kolkata indices

Arnab Chatterjee, Asim Ghosh and Bikas K Chakrabarti

Papers from arXiv.org

Abstract: Socio-economic inequality is characterized from data using various indices. The Gini ($g$) index, giving the overall inequality is the most common one, while the recently introduced Kolkata ($k$) index gives a measure of $1-k$ fraction of population who possess top $k$ fraction of wealth in the society. Here, we show the relationship between the two indices, using both empirical data and analytical estimates. The significance of their relationship has been discussed.

Date: 2016-06, Revised 2016-09
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Published in Physica A 466 (2017) 583-595

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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1606.03261

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