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Tag: Gini Coefficient

1 Percent ‘Literally Rich Beyond Measure’

Wealth hidden by tax shelters and non-responses to questionnaires is so undercounted that “correcting for similar lapses in income data almost erases progress made from 1988 to 2008 in narrowing the gap between the world’s rich and poor,” Bloomberg contributor Jeanna Smialek reports that a body of research has found.

Posted on Aug 7, 2014 READ MORE

Moyan_Brenn (CC-BY)

Inequality in Ancient Rome and Modern America

Historians used the Gini coefficient, a modern measure of wealth inequality, to compare disparities between the classes in the Roman Empire 150 years after the death of Christ and those in the United States today. The ancients, with their ranks of plebeians, patricians and senators, scored slightly better than we did. (more)

Posted on Dec 21, 2011 READ MORE

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