UNIVERSAL STRUCTURE OF THE PERSONAL INCOME DISTRIBUTION
نویسندگان
چکیده
منابع مشابه
Universal Structure of the Personal Income Distribution
We investigate the Japanese personal income distribution in the high income range over the 112 years 1887-1998, and that in the middle income range over the 44 years 1955-98. It is observed that the distribution pattern of the lognormal with power law tail is the universal structure. However the indexes specifying the distribution differ from year to year. One of the index characterizing the di...
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In order to describe fractal and non-fractal distributions in a unified framework analytically, we introduce 2-dimensional quantum gravity with R term. This model is obtained by adding an interaction term with a typical scale to a scale invariant system. In addition to power law distribution, this model has Weibull-like distribution in the scale region where the typical scale is meaningful. We ...
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General equilibrium equations in economics play the same role with many-body Newtonian equations in physics. Accordingly, each solution of the general equilibrium equations can be regarded as a possible microstate of the economic system. Since Arrow’s Impossibility Theorem and Rawls’ principle of social fairness will provide a powerful support for the hypothesis of equal probability, then the p...
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15 صفحه اولA New Approach to Personal Income Distribution
The results of R dynamical random surface model (2-dimensional quantum gravity with a R term) are applied to explain the personal income distribution. A scale invariance exists if there is not the R term in the action. The R term provides a typical scale and breaks the scale invariance explicitly in the low and middle income range. A new distribution, Weibull distribution, is deduced from the a...
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ژورنال
عنوان ژورنال: Fractals
سال: 2001
ISSN: 0218-348X,1793-6543
DOI: 10.1142/s0218348x01000816