Assessing the Reliability and Calibration of the Gini Coefficient

Author(s)	Aditya Gupta
Country	India
Abstract	This research paper delves into the Gini Coefficient, a widely used statistical measure of income inequality. We assess the accuracy and reliability of this tool by examining its strengths, such as its simplicity and applicability across countries, alongside its limitations, including sensitivity to data variations and contextual differences. The paper explores how the Gini Coefficient is utilized in economics and policy analysis, providing a balanced view of its advantages and drawbacks, ultimately evaluating its effectiveness in capturing the complexities of income distribution.
Field	Mathematics > Economy / Commerce
Published In	Volume 6, Issue 5, September-October 2024
Published On	2024-09-21
Cite This	Assessing the Reliability and Calibration of the Gini Coefficient - Aditya Gupta - IJFMR Volume 6, Issue 5, September-October 2024. DOI 10.36948/ijfmr.2024.v06i05.27722
DOI	https://doi.org/10.36948/ijfmr.2024.v06i05.27722
Short DOI	https://doi.org/g4qmjs

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International Journal For Multidisciplinary Research