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Distributional Limits and GINI Coefficient

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Author Info
Van de Ven, J.

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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.

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File URL: http://www.economics.unimelb.edu.au/SITE/research/workingpapers/wp00_01/776.pdf
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Publisher Info
Paper provided by The University of Melbourne in its series Department of Economics - Working Papers Series with number 776.

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Length: 19 pages
Date of creation: 2001
Date of revision:
Handle: RePEc:mlb:wpaper:776

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Related research
Keywords: WEALTH DISTRIBUTION ; ECONOMIC MODELS;

Find related papers by JEL classification:
D30 - Microeconomics - - Distribution - - - General
D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution

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  1. Banks, James & Johnson, Paul, 1994. "Equivalence Scale Relativities Revisited," Economic Journal, Royal Economic Society, vol. 104(425), pages 883-90, July. [Downloadable!] (restricted)
  2. Piggott, John, 1984. "The Distribution of Wealth in Australia-A Survey," The Economic Record, The Economic Society of Australia, vol. 60(170), pages 252-65, September.
  3. Clark, Andrew E. & Oswald, Andrew J., 1996. "Satisfaction and comparison income," Journal of Public Economics, Elsevier, vol. 61(3), pages 359-381, September. [Downloadable!] (restricted)
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  4. Kolm, Serge-Christophe, 1976. "Unequal inequalities. I," Journal of Economic Theory, Elsevier, vol. 12(3), pages 416-442, June. [Downloadable!] (restricted)
  5. Buhmann, Brigitte, et al, 1988. "Equivalence Scales, Well-Being, Inequality, and Poverty: Sensitivity Estimates across Ten Countries Using the Luxembourg Income Study (LIS) Database," Review of Income and Wealth, Blackwell Publishing, vol. 34(2), pages 115-42, June.
  6. Danziger, Sheldon & Taussig, Michael K, 1979. "The Income Unit and the Anatomy of Income Distribution," Review of Income and Wealth, Blackwell Publishing, vol. 25(4), pages 365-75, December.
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