The Pareto law of incomes - an explanation and an extension

被引：148
|
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.
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页码：469 / 486
页数：18
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