IS THERE MORE INCOME INEQUALITY IN THE UNITED STATES THAN IN INDIA?

IS THERE MORE INCOME INEQUALITY IN THE UNITED STATES THAN IN INDIA? Kids, measuring and comparing incomes in different countries is very difficult, and measuring and comparing income distribution is even more difficult. The Gini coefficient is probably the most commonly used measure of income inequality in a country. It has the virtue of simplicity. A lot of data is converted into a single number. This article by Mark Gimein in Slate points out that the Gini coefficient, which it refers to as “the standard yardstick”, shows that “India is substantially more equal than the United States. It is also a little bit less equal than Israel and Japan.”