Income distribution Inequality
The Gini index is a composite measure of the degree of inequality of income distribution and is calculated on the equivalent household income, that is made comparable by applying an equivalence scale that takes into account the changing composition of households. This index is zero in the case of a perfect equality of income distribution, assuming that all families receive the same income, is equal to one in case of total inequality, assuming that the total income is received from one family.
In 2009, the majority of households in Italy (about 58 percent) had a net income below the annual average (29,766 Euros: about 2,480 euros per month). Considering the median value, 50 percent of households received less than 24,538 euros (2.045 euros per month). The inequality in income distribution is measured by the Gini (0.312) when excluding from the calculation of imputed rents.
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Gini coefficient in Italy. No author.
Retrieved 18:53, May 23, 2013 (UTC).
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