Method of non-weighted average absolute deviation in context of income inequality, case study of Czech Republic

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F16%3A00010362" target="_blank" >RIV/47813059:19520/16:00010362 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Method of non-weighted average absolute deviation in context of income inequality, case study of Czech Republic

Original language description

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. Through correlation analysis was confirmed a high positive correlation between the levels of income inequality expressed by mentioned methods. The analysis of income distribution will be made in deciles based on empirical data from the European statistical office, Eurostat. The text after Introduction is organized subsequently: the second part explains the theoretical approach of the method of non-weighted average absolute deviation. The third part contains the conceptual framework of empirical analysis and results of income inequality and the Conclusion highlights some major conclusions of detailed analysis made in previous chapter. According to results of income inequality comparison of measuring via standard method author recommend to use the new one especially for its easy calculation based on commonly available data in the required format provided by statistical offices.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50204 - Business and management

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2016

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Proceedings of the 20th International Conference Current Trends in Public Sector Research

ISBN

978-80-210-8082-9

ISSN

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e-ISSN

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Number of pages

6

Pages from-to

201-206

Publisher name

MU Brno

Place of publication

Brno

Event location

Brno Šlapanice

Event date

Jan 21, 2016

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

000379382400025