‘Mingling’ the Gini Index and the Mean Income to Rank Countries by Inequality and Social Welfare
Mobility and Inequality Trends
ISBN: 978-1-80382-902-9, eISBN: 978-1-80382-901-2
Publication date: 25 January 2023
Abstract
Various indicators of income inequality and social welfare can be obtained simply by using the Gini index and the mean income of the population. This paper reviews existing indicators and presents several new indicators of this kind. While contemporary researchers seem to be preoccupied with relative inequality, this paper advocates for using intermediate inequality views and supplementing inequality rankings of countries with rankings based on social welfare. Empirical analysis, performed for 36 European countries, demonstrates such an approach’s advantages.
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Acknowledgements
Acknowledgements
This work has been fully supported by the Croatian Science Foundation under project IP-2019-04-9924. The author wishes to thank Martina Pezer and the anonymous reviewer for their helpful comments.
Citation
Urban, I. (2023), "‘Mingling’ the Gini Index and the Mean Income to Rank Countries by Inequality and Social Welfare", Bandyopadhyay, S. and Rodríguez, J.G. (Ed.) Mobility and Inequality Trends (Research on Economic Inequality, Vol. 30), Emerald Publishing Limited, Leeds, pp. 139-163. https://doi.org/10.1108/S1049-258520230000030005
Publisher
:Emerald Publishing Limited
Copyright © 2023 Ivica Urban