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Non-stationary individual and household income of poor, rich and middle classes in Mexico

Author

Listed:
  • Soriano-Hernández, P.
  • del Castillo-Mussot, M.
  • Córdoba-Rodríguez, O.
  • Mansilla-Corona, R.

Abstract

Despite Mexican peso crisis in 1994 followed by a severe economic recession, individual and household income distributions in the period 1992–2008 always exhibit a two-class structure; a highly fluctuating high-income class adjusted to a Pareto power-law distribution, and a low-income class (including poor and middle classes) adjusted to either Log-normal or Gamma distributions, where poor agents are defined as those with income below the maximum of the uni-modal distribution. Then the effects of crisis on the income distributions of the three classes are briefly analysed.

Suggested Citation

  • Soriano-Hernández, P. & del Castillo-Mussot, M. & Córdoba-Rodríguez, O. & Mansilla-Corona, R., 2017. "Non-stationary individual and household income of poor, rich and middle classes in Mexico," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 465(C), pages 403-413.
  • Handle: RePEc:eee:phsmap:v:465:y:2017:i:c:p:403-413
    DOI: 10.1016/j.physa.2016.08.042
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    References listed on IDEAS

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    1. Drăgulescu, Adrian & Yakovenko, Victor M., 2001. "Exponential and power-law probability distributions of wealth and income in the United Kingdom and the United States," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 299(1), pages 213-221.
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    Cited by:

    1. Soriano-Hernández, P. & del Castillo-Mussot, M. & Campirán-Chávez, I. & Montemayor-Aldrete, J.A., 2017. "Wealth of the world’s richest publicly traded companies per industry and per employee: Gamma, Log-normal and Pareto power-law as universal distributions?," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 471(C), pages 733-749.

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    Keywords

    Income distribution; Pareto; Econophysics;

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