Kinetic Exchange Models for Income and Wealth Distributions
AbstractIncreasingly, a huge amount of statistics have been gathered which clearly indicates that income and wealth distributions in various countries or societies follow a robust pattern, close to the Gibbs distribution of energy in an ideal gas in equilibrium. However, it also deviates in the low income and more significantly for the high income ranges. Application of physics models provides illuminating ideas and understanding, complementing the observations.
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Bibliographic InfoPaper provided by arXiv.org in its series Papers with number 0709.1543.
Date of creation: Sep 2007
Date of revision: Nov 2007
Publication status: Published in The European Physical Journal B 60 (2007) 135-149
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