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2012 | 121 | 2B | B-47-B-49
Article title

Preliminary Comparison of Households' Income in Poland with European Union and United States Ones by Using the Statistical Physics Methods

Content
Title variants
Languages of publication
EN
Abstracts
EN
In this work we compared the empirical data of annual income of Polish and European households as well as annual income of individuals in United States (e.g. for years 2006 and 2008) with predictions of the most popular theoretical models. Particularly good agreements with Pareto distribution and prediction of the Yakovenko model were obtained. For the low society class well agreement with prediction of the cumulative exponential distribution was gained. However, it turned out that the cumulative distribution of annual income of Polish households can be described quite well by the Generalised Lotka-Volterra model.
Keywords
EN
Year
Volume
121
Issue
2B
Pages
B-47-B-49
Physical description
Dates
published
2012-02
References
  • [1] V. M. Yakovenko, J. B. Rosser, Rev. Mod. Phys. 81, 1703 (2009)
  • [2] A. Banerjee, V. M. Yakovenko New J. Phys. 12, 075032 (2010)
  • [3] S. Solomon, P. Richmond, Eur. Phys. J. B 27, 257 (2002)
  • [4] P. Richmond, S. Solomon, Int. J. Mod. Phys. C 12, 333 (2001)
  • [5] P. Richmond, S. Hutzler, R. Coelho, P. Repetowicz, in: Econophysics and Sociophysics: Trends and Perspectives, Eds. B. K. Chakrabarti, A. Chakraborti, A. Chatterjee, WILEY-VCH, Weinheim, 2006, p. 131.
  • [6] P. Łukasiewicz, A. Orłowski, Physica A 344, 146 (2004)
  • [7] EUSILC UDB 2006 - version 4 of March 2010
  • [8] EUSILC UDB 2008 - version 2 of August 2010
  • [9] Personal income data from the Statistic of Income division of IRS http://www.irs.gov/taxstats/indtaxstats/article/ 0,,id=134951,00.html
  • [10] M. Jagielski, R. Kutner, Acta Phys. Pol. A 117, 619 (2010)
  • [11] A. Chatterjee, B. K. Chakrabarti, Eur. Phys. J. B 60, 135 (2007)
  • [12] P. Bhattacharyya, A. Chatterjee, B. K. Chakrabarti, Physica A 381, 377 (2005)
  • [13] A. Dragulescu, V. M. Yakovenko, Eur. Phys. J. B 17, 723 (2000)
Document Type
Publication order reference
YADDA identifier
bwmeta1.element.bwnjournal-article-appv121n2ba121z2bp09kz
Identifiers
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