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The Gini Index: A Modern Measure of Inequality

In: Modern Indices for International Economic Diplomacy

Author

Listed:
  • Vincent Charles

    (CENTRUM Católica Graduate Business School
    Pontifical Catholic University of Peru)

  • Tatiana Gherman

    (University of Northampton)

  • Juan Carlos Paliza

    (University of Manchester)

Abstract

The Gini index is the most widely accepted inequality measure across the Globe, with almost all governmental and international agencies using it to summarise income or wealth inequality in a nation or the world. Although originally developed to be a standardised measure of statistical dispersion intended to understand income distribution, the Gini index has evolved into quantifying inequity in all kinds of distributions of wealth, gender parity, access to education and health services, and environmental policies, among others. In this work, we present the original Gini index, as well as some of the various existent alternative Gini formulations, while also exploring various traditional and modern applications of the index in different settings, at national and international levels. We further discuss the implications of the traditional Gini index for international diplomacy and policymaking and conclude with some future directions on the topic.

Suggested Citation

  • Vincent Charles & Tatiana Gherman & Juan Carlos Paliza, 2022. "The Gini Index: A Modern Measure of Inequality," Springer Books, in: Vincent Charles & Ali Emrouznejad (ed.), Modern Indices for International Economic Diplomacy, chapter 0, pages 55-84, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-84535-3_3
    DOI: 10.1007/978-3-030-84535-3_3
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    Cited by:

    1. Kashour, Mohammad, 2023. "A step towards a just transition in the EU: Conclusions of a regression-based energy inequality decomposition," Energy Policy, Elsevier, vol. 183(C).
    2. Garashchuk, Anna & Castillo, Fernando Isla & Rivera, Pablo Podadera, 2023. "Economic cohesion and development of the European Union's regions and member states - A methodological proposal to measure and identify the degree of regional economic cohesion," Socio-Economic Planning Sciences, Elsevier, vol. 88(C).

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