Graph depicting the "Distribution of Household Wealth in the U.S. by income group"
groups:
[0%,50%), group size 50%
[0%,90%), group size 40%
[90%,99%), group size 39%
[99%,99.9%), group size 0.9%
[99%.9%,100%], group size: 0.1%
time range:
1990-2020 (or later?)
Source: The Federal Reserve
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Processed in Power Shell:
X:\Haskell> .\IneqComps.exe "50,2.36|40,37.8|9,41.7|0.9,12.6|0.1,5.51"
IneqComps V16 2025-06-25
rSym = 1.24162 (symmetric Theil redundancy)
zSym = 71.108% (symmetric Atkinson inequality, zSym=1-exp(-rSym))
zPlato = 70.605% (Plato inequality, Theil & Atkinson & Plato equivalent ratio: 85.303:14.697)
zGini = 69.040% (Gini inequality, Gini equivalent ratio: 84.520:15.480)
zHoover = 49.828% (Hoover inequality, Hoover equivalent ratio: 74.914:25.086)
1-Median = 92.121%
zAccept = -0.74334 (experimental: zAccept=zHoover-rSym)
X:\Haskell> .\IneqComps.exe --CSV "50,2.36|40,37.8|9,41.7|0.9,12.6|0.1,5.51"
1.241620979176E+00;711.084487868371E-03;706.052940093059E-03;690.396018805642E-03;498.279483845153E-03;921.205035971223E-03;-743.341495331143E-03;+1.000000000000E+00
Any city however small, is divided at least into two,
one the city of the poor, the other of the rich;
these are hostile to each other.
(Plato, Politeia, 370 BC)
In the following example are five "cities". The redundancy (that's maximum entropy minus measured entropy) of the 4 cities is similar to the redundancy of the wealth distribution in two cities, where
- in the poor city 85.303% of the people own 14.697% of the wealth, and
- in the rich city 14.697% of the people own 85.303% of the wealth.
The Plato inequality indicator has been developed to get the data required for such a statement.
In the mid inequality range, the The Plato inequality indicator
behaves pretty much like the Plato inequality indicator, but in
the high inequality renge it is more sensitive then the Gini.
X:\Haskell> .\IneqComps.exe "50,2.36|40,37.8|9,41.7|0.9,12.6|0.1,5.51"
IneqComps V16 2025-06-25
rSym = 1.24162 (symmetric Theil redundancy)
zSym = 71.108% (symmetric Atkinson inequality, zSym=1-exp(-rSym))
zPlato = 70.605% (Plato inequality, Theil & Atkinson & Plato equivalent ratio: 85.303:14.697)
zGini = 69.040% (Gini inequality, Gini equivalent ratio: 84.520:15.480)
zHoover = 49.828% (Hoover inequality, Hoover equivalent ratio: 74.914:25.086)
1-Median = 92.121%
zAccept = -0.74334 (experimental: zAccept=zHoover-rSym)
X:\Haskell> .\IneqComps.exe --CSV "50,2.36|40,37.8|9,41.7|0.9,12.6|0.1,5.51"
1.241620979176E+00;711.084487868371E-03;706.052940093059E-03;690.396018805642E-03;498.279483845153E-03;921.205035971223E-03;-743.341495331143E-03;+1.000000000000E+00
Computing inequality indicators (Theil, Atkinson, Plato, Gini, Hoover) for the wealth distribution in the US, 2020 (right side of the graph).
#TheilIndex #TheilRedundancy #AtkinsonInequality #PlatoInequality #Gini #GiniIndex #GiniCoefficiant #HooverInequality #HooverIndex