Method of Non-weighted Average Absolute Deviation in Context of Income Inequality. Case Study of the Czech Republic
Method of Non-weighted Average Absolute Deviation in Context of Income Inequality. Case Study of the Czech Republic

Author(s): Kamila Turečková
Subject(s): Methodology and research technology, Socio-Economic Research
Published by: Masarykova univerzita nakladatelství
Keywords: income inequality; method of non-weighted average absolute deviation;
Summary/Abstract: The aim of this present paper is to introduce the alternative new method to express and measure income inequality in the society and in the economy. There is presented use of the method of non-weighted average absolute deviation for expressing and comparing income inequality in case of Czech Republic in years 2005-2013. The result of measuring of income inequality usingh method of non weighted average absolute deviation is, in practical part of article, compared to 3 other, well-known traditional indicators - Gini coefficient, Robin Hood Index and S80/S20 Ratio in order to highlight compatibility between all these methods to measure income inequality.

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