Socio-economic inequality is characterized from data using various indices. The Gini (g) index, giving the overall inequality is the most common one, while the recently introduced Kolkata (k) index gives a measure of 1−k fraction of population who possess top k fraction of wealth in the society. Here, we show the relationship between the two indices, using both empirical data and analytical estimates. The significance of their relationship has been discussed.
|Number of pages||13|
|Journal||Physica A: Statistical Mechanics and its Applications|
|Publication status||Published - 15 Jan 2017|
|MoE publication type||A1 Journal article-refereed|
- Data analysis
- Inequality indices
- Spatial inequality