TheMathematicalBasicsofPopularInequality.docVIP

The Theoretical Basics of Popular Inequality Measures Travis Hale, University of Texas Inequality Project This document explores several inequality measures used broadly in the literature, with a special emphasis on how to compute Theil’s T statistic. Inequality is related to several mathematical concepts, including dispersion, skewness, and variance. As a result, there are many ways to measure inequality, which itself arises from various social and physical phenomena. While this is not an exhaustive discussion of inequality measures, it does deal with several of the most popular statis