Atkinson Index

The Atkinson Index is a measure of income inequality that reflects how income is distributed across a population. It considers the level of societal inequality and people's concerns about fairness. A higher Atkinson Index indicates greater inequality, meaning income is more unevenly distributed. This index allows policymakers to understand not just how unequal a society is, but also how sensitive they are to different parts of the income distribution, especially the lower-income groups. It helps in assessing and comparing inequality levels in different societies or over time, guiding efforts to promote income fairness.