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Ab initio analysis of all income society classes in the European Union

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  • Maciej Jagielski
  • Ryszard Kutner
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    Abstract

    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.

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    File URL: http://arxiv.org/pdf/1301.6519
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    Bibliographic Info

    Paper provided by arXiv.org in its series Papers with number 1301.6519.

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    Date of creation: Jan 2013
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    Handle: RePEc:arx:papers:1301.6519

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