Showing 1 - 10 of 17
Two sets of high quality income data are analysed in detail, one set from the UK, one from the USA. It is firstly demonstrated that both a log-normal distribution and a Boltzmann distribution can give very accurate fits to both these data sets. The absence of a power tail in the US data set is...
Persistent link: https://www.econbiz.de/10005098596
Statistical models of economic distributions lead to Boltzmann distributions rather than a Pareto power law. This result is supported by two facts: 1. the distributions of income, car sales, marriages or jobs are a matter of chances and luck and not of reason! 2. Data for property, automobile...
Persistent link: https://www.econbiz.de/10005098635
The paper starts with a brief review of present understanding of income distributions; especially with regard to recent work in the field of econophysics that draws parallels between income, wealth and energy distributions. Examples of alternative energy distributions found in physical systems...
Persistent link: https://www.econbiz.de/10005099183
Persistent link: https://www.econbiz.de/10003994998
Persistent link: https://www.econbiz.de/10009704687
Persistent link: https://www.econbiz.de/10009712158
Persistent link: https://www.econbiz.de/10003117388
Persistent link: https://www.econbiz.de/10003795262
Persistent link: https://www.econbiz.de/10003438668
Persistent link: https://www.econbiz.de/10003882691