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Abstracts
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.
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B-47-B-49
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published
2012-02
Contributors
author
- Institute of Experimental Physics, Faculty of Physics, University of Warsaw, Smyczkowa 5/7, PL-02-678 Warsaw, Poland
author
- Institute of Experimental Physics, Faculty of Physics, University of Warsaw, Smyczkowa 5/7, PL-02-678 Warsaw, Poland
author
- Faculty of Economic Sciences, University of Warsaw, Długa 44/50, PL-00-241 Warsaw, Poland
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
Identifiers
YADDA identifier
bwmeta1.element.bwnjournal-article-appv121n2ba121z2bp09kz