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Practical Modified Gini Index. ACES Working Papers, 2012

Shoham, Amir and Shapira, Daniel and Malul, Miki (2012) Practical Modified Gini Index. ACES Working Papers, 2012. [Working Paper]

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    Abstract

    The Gini index is the most common method for estimating the level of income inequality in countries. In this paper we suggest a simple modification that takes into account the moderating effect of in-kind government benefits. Unlike other studies that use micro level data that is rarely available for many countries or over a period of time, the proposed modified Gini index could be calculated using just the regularly available data for each country. Such data includes the original Gini coefficient, government consumption expenditures, GDP and total tax revenue as a percentage of GDP. This modified version of the Gini index allows us to calculate the level of inequality more precisely, and make better comparisons between countries and over time.

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    Item Type: Working Paper
    Uncontrolled Keywords: Inequality, Gini index, in-kind benefits, government consumption.
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > general
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > American Consortium on European Union Studies > ACES Working Papers
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 14 Jan 2015 14:27
    Number of Pages: 12
    Last Modified: 14 Jan 2015 14:28
    URI: http://aei.pitt.edu/id/eprint/59214

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