S-Space College of Social Sciences (사회과학대학) Institute of Economics Research (경제연구소) Seoul Journal of Economics Seoul Journal of Economics vol.13(4) (Winter 2000)
A New Interpretation and Derivation of the Gini Coefficient
- Cheong, KwangSoo
- Issue Date
- Seoul Journal of Economics, Vol.13 No.4, pp. 391-406
- We show that the Gini coefficient is a simple linear transformation of the center of gravity of income distribution. The new derivation and inequality decomposition methods are applied to income data for Korea in order to analyze the distributional impact of the recent economic crisis. We also discuss the potential benefits of using additional higher moments of the relative income rankings.