Power Law Distributions in Korean Household Incomes

Details Power Law Distributions in Korean Household Incomes Power Law Distributions in Korean Household Incomes

2004-03-05

arxiv.org/abs/cond-mat/0403161v1

Physics

Condensed Matter

Statistical Mechanics

12 pages, 7 figures

Scientific paper

We investigate the distribution function and the cumulative probability for Korean household incomes, i.e., the current, labor, and property incomes. For our case, the distribution functions are consistent with a power law. It is also showed that the probability density of income growth rates almost has the form of a exponential function. Our obtained results are compared with those of other numerical calculations.

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