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Household income distribution in the USA

Author

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  • Costas J. Efthimiou

    (University of Central Florida)

  • Adam Wearne

    (University of Central Florida)

Abstract

In this article we present an alternative model for the distribution of household incomes in the United States. We provide arguments from two differing perspectives which both yield the proposed income distribution curve, and then fit this curve to empirical data on household income distribution obtained from the United States Census Bureau.

Suggested Citation

  • Costas J. Efthimiou & Adam Wearne, 2016. "Household income distribution in the USA," The European Physical Journal B: Condensed Matter and Complex Systems, Springer;EDP Sciences, vol. 89(3), pages 1-6, March.
    • Handle: RePEc:spr:eurphb:v:89:y:2016:i:3:d:10.1140_epjb_e2016-60670-1
    DOI: 10.1140/epjb/e2016-60670-1
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    References listed on IDEAS

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    1. F. Clementi & M. Gallegati, 2005. "Pareto's Law of Income Distribution: Evidence for Germany, the United Kingdom, and the United States," Papers physics/0504217, arXiv.org, revised Mar 2006.
    2. Chakrabarti,Bikas K. & Chakraborti,Anirban & Chakravarty,Satya R. & Chatterjee,Arnab, 2013. "Econophysics of Income and Wealth Distributions," Cambridge Books, Cambridge University Press, number 9781107013445, December.
    3. A.B. Atkinson & F. Bourguignon (ed.), 2000. "Handbook of Income Distribution," Handbook of Income Distribution, Elsevier, edition 1, volume 1, number 1.
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    Cited by:

    1. Oancea, Bogdan & Andrei, Tudorel & Pirjol, Dan, 2017. "Income inequality in Romania: The exponential-Pareto distribution," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 469(C), pages 486-498.

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