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Lorenz Curve and Gini Coefficient 101 – Another Great Visual Economics Illustration

November 23, 2009 by and tagged , ,

Click on the image for a humongous version:

For those of us who keep track of these things, there results are really not surprising but this is a nice and clean explanation of the measures.

Posted in Social Inequalities, Social Stratification, Sociology | 2 Comments »



2 Responses to “Lorenz Curve and Gini Coefficient 101 – Another Great Visual Economics Illustration”

  1.   XavierM Says:

    The graphic shows that Namibia’s Gini coefficient is 45, but the table on the left says it’s 70,7… Isn’t 45 USA’s Gini coefficient that has been duplicated ? That would make sense !

    Reply

  2.   Alex Says:

    I too noticed that and became confused. You must be right, that the 45 from the US was duplicated by accident.

    Reply

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