Dataset

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2. World Bank Indicators
3. Generalized Entrophy, GE(-1)

Generalized Entrophy, GE(-1)

The parameter α in the GE class represents the weight given to distances between incomes at different parts of the income distribution, and can take any real value. For lower values of α, GE is more sensitive to changes in the lower tail of the distribution, and for higher values GE is more sensitive to changes that affect the upper tail. GE(1) is the Theil index.