Pinterest • The world’s catalog of ideas

Lesson: Graphing a Lorenz Curve and Calculating the Gini Coefficient | Econedlink

from Education

Measuring Income Inequality


The Lorenz Curve. An equation wanted to do for a long time knew had to try one. Discovered by Edward Norton #Lorenz, this shape is a mathmatical wonder.

from Math Encounters Blog

Income Inequality and the Gini Coefficient

Figure 1: Illustration of Gini Coefficient and Its Calculation. Suppose we examine the income of every individual of a country and arrange the individuals in order of increasing income. If we plot the percentage of national income versus the population percentage (Lorenz curve), we will get a curve like that shown