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Chapter_02_Exc_02_Sol

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					                                             100
Fraction of total income in OECD countries




                                              80



                                              60
                   (percent)




                                                             2000: Gini 0.18

                                              40
                                                                                    1960: Gini 0.27

                                              20



                                              0
                                                   0         20          40          60      80         100
                                                    Fraction of total population in OECD countries (percent)
                           1960                                             2000
                 Population   GDP per worker                      Population   GDP per worker
                  (1000)       (1996 dollars)                      (1000)          (1996 dollars)

Korea             25252            4471          Turkey            66835               15206
Turkey            27730            5293          Mexico            97221               24588
Japan             93530            7689          Portugal          10005               35008
Portugal           8623            8904          Greece            10558               35243
Greece             8327           10254          Korea             47275               36850
Spain             30542           12154          Japan             126919              38737
Ireland            2832           13016          New Zealand        3831               39360
Mexico            35457           13357          Spain             39927               44113
Austria            7069           15283          United Kingdom    59756               44649
Finland            4430           16391          Iceland             281               45055
Italy             50200           16700          Sweden             8871               45453
France            46826           18111          Switzerland        7185               47412
Belgium            9107           20256          Finland            5176               48742
Iceland             176           20840          France            60431               49136
United Kingdom    52373           20919          Austria            8110               50591
Norway             3582           20991          Denmark            5338               50779
Sweden             7480           23242          Australia         19157               51568
Denmark            4581           24068          Netherlands       15920               52230
Netherlands       11481           26043          Canada            30750               52295
Australia         10530           26480          Italy             57728               53949
Luxembourg          314           27732          Norway             4491               54032
Canada            17909           27874          Belgium           10254               56752
USA               180704          30304          USA               275423              64537
New Zealand        2372           30856          Ireland            3787               65053
Switzerland        5362           32075          Luxembourg          441              103135


PWT 6.1
OECD countries (2000): minus Hungary, Poland, Germany and Czech Republic
                                               96 countries
                        2000
                 Population    GDP per worker Fraction of
                                               total
                  (1000)        (1996 dollars) population     Total GDP in     Fraction of total   GDP/pop
                                               (%)            country          income (%)          cummulated
Turkey             66835            15206       6.85015327     1,016,296,833         2.23555193     6.850153269
Mexico             97221            24588       9.96452085     2,390,497,715         5.25838673     16.81467412
Portugal           10005            35008        1.0254475       350,253,613        0.770454178     17.84012161
Greece             10558            35243       1.08211615       372,095,456         0.81849976               19
Korea              47275            36850       4.84538035     1,742,087,307        3.832075941               24
Japan             126919            38737       13.0083729     4,916,479,262        10.81479775     36.77599102
New Zealand         3831            39360       0.39265261       150,787,131        0.331687013     37.16864363
Spain              39927            44113       4.09229909     1,761,311,509        3.874363489               41
United Kingdom     59756            44649       6.12460176     2,668,066,890        5.868956679     47.38554448
Iceland              281            45055       0.02883142        12,674,058        0.027879172               47
Sweden              8871            45453       0.90921986       403,213,956        0.886951241     48.32359577
Switzerland         7185            47412       0.73641582       340,657,041        0.749344563     49.06001159
Finland             5176            48742       0.53050637       252,286,799        0.554956211     49.59051796
France             60431            49136       6.19380537     2,969,353,265         6.53169744     55.78432333
Austria             8110            50591       0.83124281       410,300,798        0.902540193     56.61556614
Denmark             5338            50779       0.54711032       271,059,160        0.596249843               57
Australia          19157            51568       1.96346804       987,893,733        2.173073526     59.12614449
Netherlands        15920            52230       1.63169657       831,505,243        1.829065182     60.75784106
Canada             30750            52295       3.15167522     1,608,081,243        3.537302302     63.90951628
Italy              57728            53949       5.91677569     3,114,407,078        6.850772854     69.82629196
Norway              4491            54032       0.46029832       242,655,728        0.533770709     70.28659028
Belgium            10254            56752       1.05096838       581,938,753        1.280092842     71.33755866
USA               275423            64537       28.2290681    ############          39.09949243     99.56662672
Ireland             3787            65053       0.38813265       246,350,762         0.54189869     99.95475937
Luxembourg           441           103135       0.04524063        45,524,009        0.100139332              100
samlet                975672         1204476           100    ############                  100            1,306
                                             Calculation of the Gini coefficient
Fraction of
total income                             Area under curve area over Gini
cummulated      x-axis       y-axis      h*b-0.5*(b*(h-h-1) curve    coefficient
 2.23555193              0           0         7.656936679        916 0.183204       0     0
 7.49393866      6.850153     2.235552         48.47485591                         100   100
8.264392838      16.81467     7.493939         8.079670794
9.082892598      17.84012     8.264393         9.385888904
12.91496854      18.92224     9.082893         53.29400206
23.72976629      23.76762     12.91497         238.3441877
 24.0614533      36.77599     23.72977         9.382673548
27.93581679      37.16864     24.06145         106.3941905
33.80477347      41.26094     27.93582         189.0682639
33.83265264      47.38554     33.80477            0.9750416
34.71960388      47.41438     33.83265          31.1645367
35.46894845       48.3236      34.7196         25.84398011
36.02390466      49.06001     35.46895         18.96370703
 42.5556021      49.59052      36.0239         243.3530856
43.45814229      55.78432      42.5556         35.74915318
44.05439213      56.61557     43.45814          23.9395053
46.22746566      57.16268     44.05439         88.63277099
48.05653084      59.12614     46.22747         76.92143669
51.59383314      60.75784     48.05653         157.0327912
   58.444606     63.90952     51.59383         325.5363806
58.97837671      69.82629     58.44461         27.02480093
60.25846955      70.28659     58.97838         62.65707752
99.35796198      71.33756     60.25847         2252.911554
99.89986067      99.56663     99.35796            38.669233
          100    99.95476     99.89986         4.521798036
        1,042        1,206         942                 4,084
                     1960
                             GDP per
             Population     worker (1996 Fraction of total Total GDP in   Fraction of total
               (1000)         dollars)   population (%) country           income (%)
Korea           25252           4471        3.904216957     112,897,931        0.914915553
Turkey          27730           5293        4.287358694     146,771,961        1.189427906
Japan           93530           7689        14.46071652     719,163,651        5.828043121
Portugal         8623           8904        1.333233731      76,777,197        0.622196095
Greece           8327          10254           1.2874358     85,383,789        0.691943206
Spain           30542          12154        4.722120989     371,195,698        3.008139426
Ireland          2832          13016        0.437854952      36,862,182        0.298728093
Mexico          35457          13357        5.482045816     473,609,105        3.838089259
Austria          7069          15283        1.092976838     108,039,647        0.875544422
Finland          4430          16391        0.684921411      72,611,695        0.588439206
Italy           50200          16700        7.761397511     838,317,851        6.793658959
France          46826          18111        7.239704371     848,047,893        6.872510427
Belgium          9107          20256        1.408028952     184,469,779         1.49492793
Iceland           176          20840        0.027211325       3,667,754        0.029723174
United Kingdom 52373           20919        8.097379025 1,095,604,682          8.878690292
Norway           3582          20991        0.553800497      75,189,856        0.609332412
Sweden           7480          23242           1.1564813    173,848,791        1.408856316
Denmark          4581          24068        0.708267491     110,256,016        0.893505695
Netherlands     11481          26043        1.775049317     298,994,392        2.423025978
Australia       10530          26480        1.627991308     278,825,747         2.25958094
Luxembourg        314          27732        0.048600658       8,717,438        0.070645398
Canada          17909          27874        2.768906898     499,202,870        4.045499028
USA            180704          30304        27.93854745 5,476,075,898             44.377669
New Zealand      2372          30856        0.366734444      73,190,802        0.593132246
Switzerland      5362          32075        0.829017745     171,987,914        1.393775922
Total          646790         473303                 100 12,339,710,538                 100
  0     0
100   100
                       Source PWT 6.1




World average income
174.5512645
 226.923834
1111.897479
118.7050705
132.0117045
573.9049238
56.99254554
 732.246087
167.0398819
112.2647955
1296.121547
1311.165147
285.2083558
5.670706538
1693.912201
116.2508854
268.7872675
170.4666059
462.2746297
431.0919287
13.47801281
771.8165559
8466.549962
113.1601526
265.9101693
473302.6555
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#REF!       sum
                                                           Calculation of the Gini coefficient
                Fraction of
GDP/pop         total income                           Area under curve area over Gini
cummulated      cummulated     x-axis      y-axis      h*b-0.5*(b*(h-h-1) curve   coefficient
 3.904216957    0.914915553            0           0         1.786014407 1365.155 0.273031
  8.19157565    2.104343459     3.904217    0.914916         6.472323186
 22.65229217     7.93238658     8.191576    2.104343         72.56915394
           24   8.554582675     22.65229    7.932387         10.99049176
           25   9.246525881     23.98553    8.554583         11.45889222
 29.99508269    12.25466531     25.27296    9.246526          50.7656131
 30.43293764     12.5533934     29.99508    12.25467         5.431165677
           36   16.39148266     30.43294    12.55339         79.33856834
  37.0079603    17.26702708     35.91498    16.39148         18.39398578
           38   17.85546629     37.00796    17.26703         12.02807387
 45.45427922    24.64912525     37.69288    17.85547         164.9475155
 52.69398359    31.52163567     45.45428    24.64913         203.3298517
 54.10201254     33.0165636     52.69398    31.52164         45.43582655
 54.12922387    33.04628678     54.10201    33.01656         0.898828836
 62.22660289    41.92497707     54.12922    33.04629         303.5353697
           63   42.53430948      62.2266    41.92498         23.38679745
 63.93688469     43.9431658      62.7804    42.53431          50.0047915
 64.64515218    44.83667149     63.93688    43.94317         31.43993631
  66.4202015    47.25969747     64.64515    44.83667         81.73779842
  68.0481928    49.51927841      66.4202     47.2597         78.77766576
 68.09679346    49.58992381     68.04819    49.51928         2.408386206
 70.86570036    53.63542284     68.09679    49.58992         142.9106872
 98.80424781    98.01309183      70.8657    53.63542         2118.419611
 99.17098226    98.60622408     98.80425    98.01309         36.05353777
          100           100     99.17098    98.60622         82.32404197
        1,286           897          100         100         3634.844928

				
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