The Variability in the Distribution of Wealth and Income

Abstract

There is no generally accepted method of measuring the concentration of wealth, 416.—The methods of Lorenz, 417, Pareto, 419, and Watkins, 427, explained and analyzed.—The coefficient of variability, as used by statistical biologists; suggested as a good measure, 429.—Application of that measure to income statistics, 436, and to wealth statistics of Massachusetts, France, and the United Kingdom, 440.—Conclusion, and summary of the features of the different measures of variability, 447.