Preprint Article Version 1 This version is not peer-reviewed

Some Notes on the Gini Index and New Inequality Measures: The nth Gini Index

Version 1 : Received: 26 September 2024 / Approved: 1 October 2024 / Online: 2 October 2024 (07:10:37 CEST)

How to cite: Ruiz, J. M. G.; Ruiz-Gándara, Á.; Irizo, F. J. O.; Abril, L. G. Some Notes on the Gini Index and New Inequality Measures: The nth Gini Index. Preprints 2024, 2024100088. https://doi.org/10.20944/preprints202410.0088.v1 Ruiz, J. M. G.; Ruiz-Gándara, Á.; Irizo, F. J. O.; Abril, L. G. Some Notes on the Gini Index and New Inequality Measures: The nth Gini Index. Preprints 2024, 2024100088. https://doi.org/10.20944/preprints202410.0088.v1

Abstract

A new family of inequality indices based on the deviation between the expected maximum and the expected minimum of random samples, called the nth Gini index is presented. These indices generalize the Gini index. At the same time, this family of indices and the S-Gini index are generalised by proposing the uv−Gini index, which turns out to be a convex combination of the S-Gini index and the Lorenz family of inequality measures. This family of Gini indices provides a methodology for achieving perfect equality in a given distribution of incomes. This is achieved through a series of successive and equal increases in the incomes of each individual.

Keywords

inequality measures; mean difference; order statistics; rank-dependent inequality measurement

Subject

Computer Science and Mathematics, Probability and Statistics

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