A general measure of inequality which, in the limit, converges to the Theil measure is developed, based on the Generalized Entropy of Degree α (Aczel and Daroczy 1975). The properties of the measure are discussed with an empirical illustration using Indian Consumer Expenditure Survey data.
CITATION STYLE
Tyagarupananda, S., & Chattopadhyay, N. (2019). A Generalization of the Theil Measure of Inequality. In Economic Studies in Inequality, Social Exclusion and Well-Being (pp. 147–160). Springer. https://doi.org/10.1007/978-981-13-7944-4_8
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