Theil’s Index of Inequality: Computation of Value-Validity Correction

The Theil index is one of the most popular indices of economic inequality, one reason for which is no doubt due to its convenient additive decomposition property. One of its weaknesses, however, is its lack of any intuitively meaningful interpretations. Another, and more serious, limitation of Theil...

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Bibliographic Details
Main Author: Tarald O. Kvålseth
Format: Article
Language:English
Published: MDPI AG 2024-12-01
Series:Computation
Subjects:
Online Access:https://www.mdpi.com/2079-3197/12/12/240