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

• Authors: M. Jagielski , R. Kutner , M. Pęczkowski
• 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

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: 2012
• Volume: 121
• Issue: 2B
• Pages: B-47-B-49

Dates

published

2012-02

Contributors

author

M. Jagielski

• Institute of Experimental Physics, Faculty of Physics, University of Warsaw, Smyczkowa 5/7, PL-02-678 Warsaw, Poland

author

R. Kutner

• Institute of Experimental Physics, Faculty of Physics, University of Warsaw, Smyczkowa 5/7, PL-02-678 Warsaw, Poland

author

M. Pęczkowski

• Faculty of Economic Sciences, University of Warsaw, Długa 44/50, PL-00-241 Warsaw, Poland

References

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• [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)
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Identifiers

DOI

10.12693/APhysPolA.121.B-47