An axiomatic characterization of the Theil inequality ordering

DOI10.1007/S00199-012-0739-6MaRDI QIDQ2434965zbMATH OpenOpenAlexFDO

Authors Casilda Lasso de la Vega, Ana Urrutia, Oscar Volij

Publication date 3 February 2014

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-012-0739-6

zbMATH Keywords

axiomatic characterizationdecomposabilityincome inequalityTheil index

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Statistical methods; economic indices and measures (91B82) Mathematical economics (91B99)

Review text

This article presents an axiomatic characterization of the Theil income inequality ordering. The article begins with an overview of income inequality measures and prior work outlining the properties of the Theil inequality ordering, as well as its comparison to other inequality measures. The authors then define mathematically the necessary background notations, such as generalized society, inequality ordering and index, and generalized entropy index. In the fourth section, the main result is presented which consists of a set of axioms and properties that are necessary and sufficient for a representation by a Theil index. This is then proven in the following section alongside a list of lemmas. The article concludes with a list of references.

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Cited in

(4)

• An axiomatic characterization of some measures of unfairness
• Inequality and welfare: some axiomatic characterizations
• Axiomatic characterization of the Gini coefficient and Lorenz curve orderings.
• A generalization of the Theil measure of inequality

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