Increasing Gap in Incomes

Politics ♦ Published: December 6, 2011; 10:48 ♦ (Vindobona)

Although Austria´s Gini coefficient is relatively low, the gap between high and low incomes becomes larger.

Increasing Gap in Incomes / Picture: ©

The pay gap increases wordwide – Austria is no exception. In 2008, in which the youngest data were collected, Austria showed a Gini coefficient of 0.26. This is slightly better than Germany with a coefficient of 0.30. This is the result of a study by the OECD. The Gini coefficient measures the gap between high and low incomes. When the coefficient is zero, everybody has the same…