Empirical and Theoretical Comparison of the Gini Coefficient and the Lorenz Curve Using Data from Squatter Settlementsv
Journal Title: Revista CEA - Year 2024, Vol 10, Issue 22
Abstract
Purpose: To analyze the magnitude of the inequality in the distribution of income in squatter settlements in Aguachica (Cesar, Colombia) using the Gini coefficient and the Lorenz curve. Design/Methodology: This study employed a quantitative methodology with a descriptive analytical approach. Simple random sampling was used. Total household income and contribution to household income were considered measures of inequality. Findings: The findings revealed a high concentration of income there: 50% of the inhabitants concentrated all the income. However, if contributions by household members who work or carry out economic activities were taken into account, a more equitable distribution was observed. By adjusting the negative values in the Lorenz curve, two Gini coefficients were obtained: 0.59 for total household income and 0.54 for contribution to household income. These findings indicate greater inequality than in national records. Conclusions: This study shows the existence of significant inequalities in the distribution of income in the informal settlements studied here. It also highlights the importance of addressing this problem to promote a more equitable distribution of wealth. Originality: This paper represents a valuable contribution to the field of inequality research in informal settlements in Colombia. The results of this study expand our knowledge of the dynamics of income distribution. By considering both total and net income and adjusting for negative values on the Lorenz curve, we can present a more complete and accurate picture of inequality in these settlements.
Authors and Affiliations
Luis Hernando Restrepo Sierra,Genjis Alberto Ossa González, José Alfonso Flórez Mercado
Keywords
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