Abstract
This chapter considers several standard inequality measurement tools that determine inequality in a large heterogeneous group of people. It describes these tools as methods of appraising information contained in an income distribution. It groups these tools under three broad headings: diagrams, inequality measures, and rankings. Under diagrams, the chapter enumerates four ways of representing inequality in pictures: Parade of Dwarfs, Frequency distribution, Lorenz curve, and log transformation. It lists down six conventional inequality measures: Range R, Relative mean deviation M, Variance V, Coefficient of variation c, Gini coefficient G, and Log variance v. It considers two ways of looking at inequality that may lead to ambiguous results: quantities and shares.
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