Chapter

 Income Distribution Summary Measures

Fred Campano and Dominick Salvatore

in Income Distribution

Published in print March 2006 | ISBN: 9780195300918
Published online May 2006 | e-ISBN: 9780199783441 | DOI: http://dx.doi.org/10.1093/0195300912.003.0006
  Income Distribution Summary Measures

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Formulas for computing the most commonly used summary measure of income distribution are given. These include the mean, median, and mode. The methodology for computing shares of total income obtained by quantiles of income recipients, and the technique to graph the Lorenz curve and compute the Gini coefficient are described.

Keywords: central tendency; deciles; first moment function; Gini coefficient; Lorenz curve; mean; median; mode; numerical integration; income share

Chapter.  3534 words.  Illustrated.

Subjects: Economic Development and Growth

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