Quotes About Gini coefficient

There have even been attempts to calculate income levels and Gini coefficients for Palaeolithic mammoth hunters (they both turn out to be very low).1 It's almost as if we feel some need to come up with mathematical formulae justifying the expression, already popular in the days of Rousseau, that in such societies 'everyone was equal, because they were all equally poor.

The higher the coefficient of inequality (Gini coefficient) in a society, the worse things tend to be for those at the bottom.

The Gini Coefficient quantifies how large a percentage of the total income of a society must be redistributed in order to achieve a perfectly equal distribution of wealth.