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f-Gintropy: An Entropic Distance Ranking Based on the Gini Index
Tamás Sándor Biró1,2, András Telcs1,3, Máté Józsa2
1Wigner Research Centre for Physics, Konkoly-Thege M. 29-33, 1121 Budapest, Hungary.
Abstract:
We consider an entropic distance analog quantity based on the density of the Gini index in the Lorenz map, i.e., gintropy. Such a quantity might be used for pairwise mapping and ranking between various countries and regions based on income and wealth inequality. Its generalization to f-gintropy, using a function of the income or wealth value, distinguishes between regional inequalities more sensitively than the original construction.
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