arXiv:cond-mat/0202388 Abstract

arXiv:cond-mat/0202388Abstract References Reviews Resources

Physics of Personal Income

Published 2002-02-22Version 1

We report empirical studies on the personal income distribution, and clarify that the distribution pattern of the lognormal with power law tail is the universal structure. We analyze the temporal change of Pareto index and Gibrat index to investigate the change of the inequality of the income distribution. In addition some mathematical models which are proposed to explain the power law distribution are reviewed.

Comments: Empirical science of financial fluctuations: the advent of econophysics/ Hideki Takayasu (ed.), Proceeding of a workshop hosted by the Nihon Keizai Shimbun, Inc., and held in Tokyo, Nov. 15-17, 2000

Categories: cond-mat.stat-mech, q-fin.GN

Keywords: power law distribution, personal income distribution, power law tail, gibrat index, pareto index

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