Two-class Structure of Income Distribution in the USA: Exponential Bulk and Power-law Tail

2005 ◽  
pp. 15-23 ◽  
Author(s):  
Victor M. Yakovenko ◽  
A. Christian Silva
Keyword(s):  
Income Distribution ◽  
Power Law ◽  
Class Structure ◽  
The Usa

scholarly journals Income distribution in the Colombian economy from an econophysics perspective

2016 ◽  
Vol 35 (69) ◽  
pp. 691-707
Author(s):  
Hernando Quevedo Cubillos ◽  
María N. Quevedo
Keyword(s):  
Income Distribution ◽  
Economic System ◽  
Power Law ◽  
Gibbs Distribution ◽  
Economic Systems ◽  
Second Phase ◽  
Equilibrium Thermodynamic ◽  
Thermodynamic Models ◽  
Density Distributions ◽  
Pareto Distributions

Recently, in econophysics, it has been shown that it is possible to analyze economic systems as equilibrium thermodynamic models. We apply statistical thermodynamics methods to analyze income distribution in the Colombian economic system. Using the data obtained in random polls, we show that income distribution in the Colombian economic system is characterized by two specific phases. The first includes about 90% of the interviewed individuals, and is characterized by an exponential Boltzmann-Gibbs distribution. The second phase, which contains the individuals with the highest incomes, can be described by means of one or two power-law density distributions that are known as Pareto distributions.

scholarly journals Misperceptions of income distributions: cross-country evidence from a randomized survey experiment

2020 ◽  
Author(s):  
Elisabeth Bublitz
Keyword(s):  
Income Distribution ◽  
Imperfect Information ◽  
Survey Experiment ◽  
Significant Treatment ◽  
Income Distributions ◽  
Position Bias ◽  
Preferences For Redistribution ◽  
The Usa ◽  
Cross Country ◽  
Information Treatment

Abstract Can imperfect information, as revealed in individual misperceptions about income distributions, explain the demand for redistribution? I conduct a representative survey experiment in Brazil, France, Germany, Russia, Spain and the USA, providing a personalized information treatment on income distribution to a randomly chosen subsample. Most respondents misperceive their own position in the income distribution. These biases differ notably by country and the true income position. Correcting misperceptions slightly shifts the demand towards less redistribution in Germany and Russia. This shift appears to be driven by respondents with a negative position bias. The lack of significant treatment effects in other countries may result from different individual reactions that cancel each other out. Thus, the existence of systematic misperceptions underscores their importance for understanding preferences for redistribution.

scholarly journals Power Law Behavior and Tail Modeling on Low Income Distribution

2019 ◽  
Vol 7 (3) ◽  
pp. 70-77 ◽  
Author(s):  
Nurulkamal Masseran ◽  
Lai Hoi Yee ◽  
Muhammad Aslam Mohd Safari ◽  
Kamarulzaman Ibrahim
Keyword(s):  
Income Distribution ◽  
Power Law ◽  
Low Income

Military Expenditures and Income Inequality

2018 ◽  
pp. 192-210
Author(s):  
Buhari Doğan ◽  
Muhlis Can ◽  
Osman Değer
Keyword(s):  
Income Inequality ◽  
Income Distribution ◽  
Unit Root ◽  
Cointegration Analysis ◽  
Kuznets Curve ◽  
Factors Affecting ◽  
The Usa ◽  
Military Expenditures ◽  
The Military ◽  
The Impact

Regardless of their level of developments, the income distribution problem is one of the most important economic and social problems the countries face. In recent years, scholars have performed multiple studies to determine the factors affecting income distribution. The purpose of this chapter is to examine the impact of military expenditures on income inequality in a sample of North American countries (the USA, Canada, and Mexico), within the context of the Kuznets curve. The study covers between 1995-2013. In unit root Peseran approach, in cointegration analysis, Durbin-Hausmann approach were employed. The findings show that the coefficient of the military expenditures series is positive and the coefficient of square of the military expenditures is negative. This situation shows that military expenditures first increase and then reduce income inequality. Findings indicate that there is an inverse “U” relationship between military expenditures and income inequality. Moreover, it has been detected that as economic growth increases income inequality decreases.

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