4 ms·
Good point. It may seem intuitively true given that the constituent states in the EU are probably as diverse as those in the US. However, the US had a Gini of
by orijing 15y ago
Good point. It may seem intuitively true given that the constituent states in the EU are probably as diverse as those in the US.
However, the US had a Gini of 45 [1] while the EU had a Gini of 30 [2], suggesting that despite the vast differences among the European states, overall they are more equal. The reason is that countries like Luxembourg are very small (in population), and Europe as a while is dominated primarily by countries like France, Germany and England where individually income distributions are vastly more equal than in the US.
[1] https://www.cia.gov/library/publications/the-world-factbook/geos/us.html https://www.cia.gov/library/publications/the-world-factbook/...
[2] https://www.cia.gov/library/publications/the-world-factbook/geos/ee.html https://www.cia.gov/library/publications/the-world-factbook/...