GINI-datasets

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					http://www.visualeconomics.com/wp-content/uploads/2009/11/distribution.jpg   TASK: Look at this cool graphic f
                                                                             (1) what does a Lorenz Curve alw
                                                                             (2) Why does the GINI area ratio
                                                                             (3) write a calculus expression th
TASK: Look at this cool graphic from an economics text
(1) what does a Lorenz Curve always pass through (0,0) and (1,1).
(2) Why does the GINI area ratio make intuitive sense?
(3) write a calculus expression that can compute the GINI index.
        person         wealth   TASK: Created a CDF graphic and compute a GINI index
prolitariat 1            50
prolitariat 2            100
prolitariat 3            100
prolitariat 4            50
prolitariat 5            100
prolitariat 6            100
prolitariat 7            50
prolitariat 8            50
prolitariat 9            100
prolitariat 10           150
petite bourgeoisie 1     200
petite bourgeoisie 2     250
petite bourgeoisie 3     200
petite bourgeoisie 4     150
bourgeoisie 1            550
bourgeoisie 2            400
bourgeoisie 3            500
aristocrat 1            1000
aristocrat 2            1200
aristocrat 3            3000
fifth of households    percent of income               TASK: Created a CDF scatterplot and compute a GINI for USA 2000
     lowest 1/5               3.6
     second 1/5               8.9
      thrid 1/5              14.9
     fourth 1/5              23.0
     highest 1/5             49.7

                      example: the second one-fifth of the population (20% of total population) earned 8.9% of the total inc

                      http://www.census.gov/hhes/www/income/incineq/p60204.html
and compute a GINI for USA 2000




lation) earned 8.9% of the total income earned in the United States during the year 2000.
year   lowest 1/5th second 1/5th   third 1/5th   4th 1/5th 5th 1/5th            TASK: Make a scatterplot of GINI
1950       4.5          12.0           17.4        23.4      42.7               Ask some reasonable questions t
1960       4.8          12.3           17.8        24.0      41.3
1970       5.4          12.2           17.6        23.8      40.9
1980       5.1          11.6           17.5        24.3      41.6
1990       4.6          10.8           16.6        23.8      44.3
2000       3.6           8.9           14.9        23.0      49.7

                                                                       http://www.census.gov/hhes/www/income/i
 TASK: Make a scatterplot of GINI over time
 Ask some reasonable questions then do enough research to answer them.




w.census.gov/hhes/www/income/incineq/p60204.html

				
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posted:11/14/2011
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