Alternative measures to complement the Atkinson index.

Alternative measures to complement the Atkinson index.
The Atkinson index is a commonly used measure to assess income inequality. However, it has limitations that can be addressed by considering alternative measures. One option is the Gini coefficient, which provides a broader perspective on income distribution. Another alternative is the Palma ratio, which focuses on the ratio of income shares between the top and bottom 40% of the population. Implementing these measures in conjunction with the Atkinson index can provide a more comprehensive understanding of income inequality. By examining multiple measures, policymakers and researchers can better identify and address disparities in income distribution, ultimately working towards a more equitable society.
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