Decomposition of the Inequality of Income Distribution by Income Types—Application for Romania
Tudorel Andrei, Bogdan Oancea, Peter Richmond, Gurjeet Dhesi, Claudiu Herţeliu
Abstract
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Tudorel Andrei, Bogdan Oancea, Peter Richmond, Gurjeet Dhesi, Claudiu Herţeliu
Abstract
Open-access reader
This paper identifies the salient factors that characterize the inequality income distribution for Romania. Data analysis is rigorously carried out using sophisticated techniques borrowed from classical statistics (Theil). Decomposition of the inequalities measured by the Theil index is also performed. This study relies on an exhaustive (11.1 million records for 2014) data-set for total personal gross income of Romanian citizens.
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This paper identifies the salient factors that characterize the inequality income distribution for Romania. Data analysis is rigorously carried out using sophisticated techniques borrowed from classical statistics (Theil). Decomposition of the inequalities measured by the Theil index is also performed. This study relies on an exhaustive (11.1 million records for 2014) data-set for total personal gross income of Romanian citizens.
Key concepts: Theil index, Inequality, Decomposition, Personal income, Income inequality metrics, Income distribution, Salient, Economic inequality