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CALCULATING THE EXTENDED GINI COEFFICIENT FROM GROUPED DATA - A COVARIANCE PRESENTATION.
- Source :
- Bulletin of Statistics & Economics; Spring2008, Vol. 2 Issue 8, p64-69, 6p
- Publication Year :
- 2008
-
Abstract
- The basic approach to estimating the Gini and extended Gini indices is to approximate the Lorenz curve by a number of linear segments, and then estimate the Gini coefficients as the areas (or weighted areas) between the linear segments and the 45-degree line. We show that the estimator for the extended Gini, obtained from the Lorenz curve (Chotikapanich and Griffiths, 2001) is algebraically identical to a covariance-based estimator. The advantages of the covariance-based estimators are twofold; first, they are easy to compute, using any standard statistical software, and second, the covariance-based estimators allow for the decomposition of the Gini index of a sum of variables (or populations). [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 09737022
- Volume :
- 2
- Issue :
- 8
- Database :
- Supplemental Index
- Journal :
- Bulletin of Statistics & Economics
- Publication Type :
- Academic Journal
- Accession number :
- 31425690