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Increasing Gap in Incomes
Politics ♦
Published: December 6, 2011; 10:48 ♦ (Vindobona)
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Although Austria´s Gini coefficient is relatively low, the gap between high and low incomes becomes larger.
Increasing Gap in Incomes / Picture: © Vindobona.org
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…
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