About this document
Understanding Lorenz Curves and Inequality by Shahid Shahid is a document available to read on EtoBox.
A Lorenz curve is a graphical representation that plots percentiles of a population on the x-axis against the cumulative percentage of income or wealth that they hold on the y-axis. Lorenz curves are used to measure inequality within a population by comparing the actual distribution to a hypothetical equal distribution represented by a 45-degree line. The Gini coefficient is a statistic derived from the Lorenz curve that quantifies inequality on a scale from 0 (perfect equality) to 1 (perfect inequality). S
- Author
- Shahid Shahid
- Language
- EN