Kinetic exchange models for income and wealth distributions

Chatterjee, A. ; Chakrabarti, B. K. (2007) Kinetic exchange models for income and wealth distributions European Physical Journal B, 60 (2). pp. 135-149. ISSN 1434-6028

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Official URL: http://www.springerlink.com/content/e5hv3g76736q21...

Related URL: http://dx.doi.org/10.1140/epjb/e2007-00343-8

Abstract

Increasingly, 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.

Item Type:Article
Source:Copyright of this article belongs to EDP Sciences.
ID Code:5794
Deposited On:19 Oct 2010 10:56
Last Modified:16 May 2016 16:14

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