What Is Gini Coefficient?
Gene coefficient:
Gene coefficient
Gene, an economist in Italy, put forward a quantitative index for measuring the discrepancy of income distribution in 1922.
Its
Economics
The meaning is: the percentage of unequal distribution in all residents' income.
The minimum Gene coefficient is 0, which means absolute distribution of income. The maximum is 1, which means that income distribution is absolutely unequal. The actual Gene coefficient is between 0 and 1.
If personal
Income tax
If we can equate income, the Gini coefficient will be smaller.
The relevant organizations of the United Nations stipulate that if the average income is below 0.2, the average income is highly averaging; 0.2 to 0.3 means a relatively average; 0.3 to 0.4 is relatively reasonable; 0.4 to 0.5 indicates a large income gap; 0.6 above indicates a great disparity in income.
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