So we need to pick the best metric possible. For years, the number used to measure inequality has been the Gini coefficient. It’s not hard to see why, given its alluring simplicity: 0 denotes ...

Which countries are the most unequal when it comes to income? Discover the shocking gap between rich and poor in 39 selected ...

By inequality, we mean some measure of the dispersion between top and bottom. The Gini coefficient of income inequality, which captures the overall fairness of the distribution, has been either ...

Additionally, researchers have proposed a multivariate extension of the Lorenz curve and Gini coefficient, which traditionally measure inequality in a single variable. This new approach allows for ...

Gini Coefficient: A statistical measure used to represent income or resource distribution, where 0 indicates perfect equality and 1 indicates perfect inequality. Equity: Fairness in the ...

Economy minister Rafizi Ramli today said that Malaysia’s progress in closing the income gap has stalled, putting the nation ...

The government should focus on enhancing the purchasing power of lower-income households, increasing disposable income for ...

The Gini coefficient is a system used to compare ... Hong Kong has a serious inequality problem. Some 73,000 Hong Kong residents (the richest one per cent) control wealth that is equivalent ...

Amid soaring income inequality, nearly 40% aged 65 or older live in poverty in Korea South Korea’s elderly poverty rate worsened for the second consecutive year, intensifying concerns as the country ...

In urban centres, the growth in consumption spending was faster for STs and OBCs, at 11.4 and 9.1 percent, respectively, compared to the general category.

While consumption inequality, or the gap between what the richest and poorest households spend on consumption, declined across the country, rural Karnataka and urban Jharkhand indicated a different ...

So we need to pick the best metric possible. For years, the number used to measure inequality has been the Gini coefficient. It’s not hard to see why, given its alluring simplicity: 0 denotes ...