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Economic Inequality: Is it Natural?

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Author Info

  • Arnab Chatterjee
  • Sitabhra Sinha
  • Bikas K. Chakrabarti

Abstract

Mounting evidences are being gathered suggesting that income and wealth distribution in various countries or societies follow a robust pattern, close to the Gibbs distribution of energy in an ideal gas in equilibrium, but also deviating significantly for high income groups. Application of physics models seem to provide illuminating ideas and understanding, complimenting the observations.

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File URL: http://arxiv.org/pdf/physics/0703201
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Bibliographic Info

Paper provided by arXiv.org in its series Papers with number physics/0703201.

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Date of creation: Mar 2007
Date of revision: Mar 2007
Publication status: Published in Current Science 92 (2007) 1383-1389
Handle: RePEc:arx:papers:physics/0703201

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Web page: http://arxiv.org/

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Cited by:
  1. Venkat Venkatasubramanian, 2010. "What is Fair Pay for Executives? An Information Theoretic Analysis of Wage Distributions," Papers 1002.2269, arXiv.org.
  2. Bertrand M. Roehner, 2010. "Fifteen years of econophysics: worries, hopes and prospects," Papers 1004.3229, arXiv.org.
  3. Janky, Béla & Varga, Dániel, 2013. "The poverty-assistance paradox," Economics Letters, Elsevier, Elsevier, vol. 120(3), pages 447-449.
  4. Willis, Geoff, 2011. "Why money trickles up – wealth & income distributions," MPRA Paper 30851, University Library of Munich, Germany.
  5. Willis, Geoff, 2011. "Wealth, income, earnings and the statistical mechanics of flow systems," MPRA Paper 31139, University Library of Munich, Germany.

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