A statistical analysis of the Gini coefficient method shows that premier league inequality has reached an all-time low in recent years.
The Gini coefficient is a measure of inequality, which is used to measure inequality on a 0 to 1 scale, originally introduced by the Italian statistician Corrado Gini in 1912. It is extensively applied to measure income distribution among economies. Data analyst Roberto Angioni recently used the same approach to the Premier League in order to gauge competitive balance between teams.
The findings indicate that the Premier League has been very unequal as compared to national economies. The disparity between teams has however been reduced. The league registered a Gini coefficient of approximately 52.5 percent which is the lowest in the last nine seasons.
The computation is made by comparing the amount of points made by the teams with what should have been earned theoretically. The best team is compared with a zero record and the other teams with lower positions are compared with the results to be expected. This can be used to demonstrate the distribution of success throughout the league.
Nonetheless, the Premier League remains among the most unequal economies in most of the measures by the Organisation for Economic Co-operation and Development. Economic literature employs the same technique in order to interpret the wealth disparities among the citizens.
Spain has one of the highest levels of inequality in the major competitions in Europe as La Liga has a Gini figure of approximately 56.7 percent.
According to the findings, there is an improvement in the competitive balance in English football. The number of teams that can compete to earn points throughout the season has increased. This has made matches to be unpredictable and fans become more interested.
