"The Lock-In Effect of Rising Mortgage Rates"
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Today, in the Calculated Risk Real Estate Newsletter: "The Lock-In Effect
of Rising Mortgage Rates"
A brief excerpt:
Here is new working paper from Feder...
3 hours ago
2 comments:
This is a little nit-picky because all the GINI scores are so close to .5. However, your statement, "The higher the coefficient, the greater the income inequality." is incorrect.
The correct statement is:
The higher the coefficient, the greater the income EQUALITY.
Anonymous,
I said it correctly. You have it backward.
Gini coefficient
The Gini coefficient is a measure of the inequality of a distribution, a value of 0 expressing perfect equality where everyone has equal shares of income and a value of 1 expresses maximal inequality where only one person has all the income.
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