Gini Coefficient Analysis for Pensioners in Turkey

Abstract

One of the main objectives of economic policy is to make the fair distribution of income. To provide fair distribution of income, how the revenue is shared must be based on certain criteria. Products and services are not shared in any society indiscriminately. There is a mechanisms governing the distribution of income in every society. Production factors increase the value created for themselves and how to divide this value is complex phenomenon which has technical, economic, social and political dimensions. There are a lot of criterias about how to divide the created value like change interval, the relative mean absolute deviation, standard deviation, coefficient of variation, variance, logarithmic variance, Pareto α coefficient, Lorenz curve, Gini coefficient, Dalton Atkinson inequality measure, the poverty index, poverty difference, hunger threshold.Injustice of the revenue distribution among pensioners is a frequently mentioned subject in Turkey and it is thought to be sourced because of the changes at social security system and salary regulation method for old age pensioners. In this study, the Gini coefficient will be calculated for old age pensioners in Turkey and the pensioners’ income distribution will be analyzed by comparing with the Gini coefficient of Turkey.

Keywords: Gini coefficient, pensioners