Hoover Index Calculator
The Hoover Index Calculator is a tool designed to measure income (or resource) inequality using the established Hoover Index (also known as the Robin Hood Index or Schutz Index). The Hoover Index Calculator helps quantify how much redistribution would be needed to achieve perfect equality in a population's income distribution. It ranges from 0 (perfect equality) to 1 (or 100%, maximum inequality).
This tool strictly follows the authentic formula: H = (1/2) × (sum of absolute deviations from mean / total sum). Results are shown as both decimal and percentage.
About the Tool
The Hoover Index Calculator allows easy input of values (e.g., incomes) to compute inequality reliably. Ideal for economists, researchers, students, and agricultural analysts.
Importance of the Hoover Index
It provides an intuitive measure: the % of total income needing redistribution for equality. Crucial for spotting imbalances in income, agriculture, or resources—promoting fair policies and sustainable growth.
User Guidelines
- Enter positive numbers separated by commas (e.g., 12000, 30000, 8000).
- Click "Calculate".
- Review result and interpretation.
- Use 5+ values for best accuracy.
When and Why to Use It
Use when analyzing disparities in income, farm outputs, or resources. Why? Simple, interpretable, and directly actionable for policy/education.
Purpose
To empower users with accurate inequality insights for better decisions and awareness. Featured by Agri Care Hub. Learn more at Hoover Index Calculator on Wikipedia.
The Hoover Index is scientifically validated and used globally in peer-reviewed studies. In agriculture, it reveals gaps in yields or incomes, guiding equitable interventions. High values urge action; low values affirm balanced systems. Explore scenarios, compare datasets, and drive change with data.