The Theil Indices in Parametric Families of Income Distributions—A Short Review
Published online on November 02, 2016
Abstract
The Theil indices (Theil, ) are widely used measures for studying the degree of concentration and inequality in size income distributions. Their property of decomposability makes these indices especially useful in applied economic analysis. This paper is a synthetic review of the Theil indices for the most important and popular parametric income distributions. Extensions to higher dimensions are sketched.