Policy Impacts on Inequality. Simple Inequality Measures
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This module illustrates the simplest ways to measure inequality drawing on the statistical concepts of location, shape and variability. In particular, the following measures will be addressed: a) the range; b) the relative mean deviation; c) the variance; d) the coefficient of variation; and e) the standard deviation of logarithms. For all these measures, step-by-step procedures and numerical examples are also discussed.