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A New Logit-Based Gini Coefficient

Authors: Ryu, Hang K.; Slottje, Daniel J.; Kwon, Hyeok Y.;

A New Logit-Based Gini Coefficient

Abstract

The Gini coefficient is generally used to measure and summarize inequality over the entire income distribution function (IDF). Unfortunately, it is widely held that the Gini does not detect changes in the tails of the IDF particularly well. This paper introduces a new inequality measure that summarizes inequality well over the middle of the IDF and the tails simultaneously. We adopt an unconventional approach to measure inequality, as will be explained below, that better captures the level of inequality across the entire empirical distribution function, including in the extreme values at the tails.

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Keywords

Science, Physics, QC1-999, Q, logit function, Astrophysics, Article, inequality measure, QB460-466, maximum entropy method, projection of share function

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
3
Average
Average
Average
Green
gold