The Pareto law of incomes - an explanation and an extension

被引：149

作者：

Reed, WJ ^{[1
]}

机构：

[1] Univ Victoria, Dept Math & Stat, Victoria, BC V8W 3P4, Canada

来源：

PHYSICA A-STATISTICAL MECHANICS AND ITS APPLICATIONS | 2003年 / 319卷 / SUPPL.期

基金：

加拿大自然科学与工程研究理事会;

关键词：

Pareto law; income distribution; GBM; mixture model; double Pareto-lognormal distribution;

D O I：

10.1016/S0378-4371(02)01507-8

中图分类号：

O4 [物理学];

学科分类号：

0702 ;

摘要：

A stochastic model for the generation of observed income distributions is used to provide an explanation for the Pareto law of incomes. Analysis of the model also yields a prediction of Paretian (power law) behaviour in the lower tail of the distribution and this is shown to occur in a number of empirical distributions. A tractable four-parameter distribution is derived, and shown to fit extremely well to a number of different empirical income distributions. (C) 2002 Published by Elsevier Science B.V.

引用

页码：469 / 486

页数：18

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