TABLE III

Life expectancy and income inequality in selected OECD countries 1984-7

Income inequalityCorrelation coefficient
Gini coefficient-0.1824
Low income rate*
  -40%0.1023
  -50%-0.0810
  -60%-0.1710
Equivalence elasticity+
  -0.33-0.0815
  -0.72-0.1482
  -1.00-0.1830
  • *The proportion of the population with less than the stated percentage of median equivalent income assuming an equivalence elasticity of 0.55.

  • +The proportion of the population with less than 50% of median equivalent income for various equivalence elasticities.

  • ++None of the coefficients are statistically significant by conventional criteria.