Robin Hood index

Encyclopedia : R : RO : ROB : Robin Hood index

---

The Robin Hood index, also known as Hoover index, is a measure of income inequality. It is equal to the portion of the total community income that would have to be redistributed for there to be perfect equality.

It can be graphically represented as the longest vertical distance between the Lorenz curve, or the cumulative portion of the total income held below a certain income percentile, and the 45 degree line representing perfect equality.

The Robin Hood index is typically used in applications related to socio-economic class (SES) and health. The Gini coefficient is a better-known measure of economic inequality based on the Lorenz curve, but the Robin Hood index is conceptually a little bit simpler.

 

---

From Wikipedia, the Free Encyclopedia. Original article here. Support Wikipedia by contributing or donating.
All text is available under the terms of the GNU Free Documentation License See Wikipedia Copyrights for details.

Search Titles

0

1

2

3

4

5

6

7

8

9

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

X

Y

Z

?