Physics of Personal Income

Details Physics of Personal Income Physics of Personal Income

2002-02-22

arxiv.org/abs/cond-mat/0202388v1

Physics

Condensed Matter

Statistical Mechanics

Empirical science of financial fluctuations: the advent of econophysics/ Hideki Takayasu (ed.), Proceeding of a workshop hoste

Scientific paper

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.

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