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One of the stats they show is gini coefficient. Is There anything counterintuitive about that statistic that I should keep in mind? For example, do high income
by tdaltonc 11y ago
One of the stats they show is gini coefficient. Is There anything counterintuitive about that statistic that I should keep in mind? For example, do high income areas have a high gini (simply because of the construction of the statistic)? or maybe small areas tend to have a smaller gini?
- localyocal 11y agoGINI is a measure of the spread of a distribution so even if in theory everyone earned $1,000,000 it could be seen as "equitable" according to GINI. What matters in GINI is what portion of total amount are distributed to what "buckets". So high/low income doesn't necessarily impact GINI per se. Checkout https://en.wikipedia.org/wiki/Gini_coefficient https://en.wikipedia.org/wiki/Gini_coefficient