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The Gini Coefficient: An Application to Greece

Author

Listed:
  • Augustine C. Arize
  • Paraskevas Bakarezos
  • Ioannis N. Kallianiotis
  • John Malindretos
  • John Phelan

Abstract

The Gini coefficient is a measure of income inequality. In this study we show that it needs to be adjusted to be a correct measure of income inequality. The result is that decomposition is possible even without the interaction effect. The requirement however, is that there are data on individual incomes. Secondly, the approach is applied to Greece. Third, there is the last section indicating extensions.

Suggested Citation

  • Augustine C. Arize & Paraskevas Bakarezos & Ioannis N. Kallianiotis & John Malindretos & John Phelan, 2018. "The Gini Coefficient: An Application to Greece," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(3), pages 205-214, March.
    • Handle: RePEc:ibn:ijefaa:v:10:y:2018:i:3:p:205-214
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    References listed on IDEAS

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    1. Sen, Amartya, 1973. "On Economic Inequality," OUP Catalogue, Oxford University Press, number 9780198281931.
    2. Kakwani, N C & Podder, N, 1973. "On the Estimation of Lorenz Curves from Grouped Observations," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 14(2), pages 278-292, June.
    3. Atkinson, Anthony B., 1970. "On the measurement of inequality," Journal of Economic Theory, Elsevier, vol. 2(3), pages 244-263, September.
    4. Pyatt, Graham, 1976. "On the Interpretation and Disaggregation of Gini Coefficients," Economic Journal, Royal Economic Society, vol. 86(342), pages 243-255, June.
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    Cited by:

    1. Paulo Mourao & Alexandre Junqueira, 2021. "Through the Irregular Paths of Inequality: An Analysis of the Evolution of Socioeconomic Inequality in Brazilian States Since 1976," Sustainability, MDPI, vol. 13(4), pages 1-17, February.

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    More about this item

    Keywords

    Decomposition; Gini coefficient; overlapping component of Gini coefficient; Greece;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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