Ab Initio Analysis of All Income Society Classes in the European Union

• Authors: M. Jagielski , R. Kutner
• Languages of publication: EN

Abstracts

EN

We found a unified formula for description of the household incomes of all society classes, for instance, of those of the European Union in year 2007. This formula is a stationary solution of the threshold Fokker-Planck equation (derived from the threshold nonlinear Langevin one). The formula is more general than the well known that of Yakovenko et al. because it satisfactorily describes not only household incomes of low- and medium-income society classes but also the household incomes of the high-income society class.

Keywords

EN

89.20.-a; 89.65.Gh

Discipline

• 89.20.-a: Interdisciplinary applications of physics
• 89.65.Gh: Economics; econophysics, financial markets, business and management(for economic issues regarding production and use of renewable energy, see 88.05.Lg)

• Publisher: Institute of Physics, Polish Academy of Sciences
• Journal: Acta Physica Polonica A
• Year: 2013
• Volume: 123
• Issue: 3
• Pages: 538-541

Dates

published

2013-03

Contributors

author

M. Jagielski

• Institute of Experimental Physics, Faculty of Physics, University of Warsaw, Hoża 69, PL-00-681 Warsaw, Poland

author

R. Kutner

• Institute of Experimental Physics, Faculty of Physics, University of Warsaw, Hoża 69, PL-00-681 Warsaw, Poland

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Identifiers

DOI

10.12693/APhysPolA.123.538