Distributional Limits and GINI Coefficient

Justin van de Ven

No 776, Department of Economics - Working Papers Series from The University of Melbourne

Abstract: This paper examines the Gini (1912) coefficient of concentration using the framework set out by Dalton (1920) for evaluating a measure of inequality. Particular attention is paid to limited distributions and the associated concept of 'perfect inequality'. It is argued that a rescaled version of the Gini coefficient may be desirable for distributions that are subject to limits which depart from the standard assumption of non-negativity. A scaling parameter is derived and the rescaled Ginin coefficient is used to analyse the inequality of wealth in Australia.

Keywords: WEALTH DISTRIBUTION; ECONOMIC MODELS (search for similar items in EconPapers)
JEL-codes: D30 D31 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2001
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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