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.