A model for distribution of high-tax payers

Keizo Yamamoto, Sasuke Miyazima, Rajindar K. Koshal and Yuko Yamada

Physica A: Statistical Mechanics and its Applications, 2002, vol. 314, issue 1, 743-748

Abstract: We propose a model which induces power-law behavior in double logarithmic diagram of highest income against rank. This model is so simple that we can take more factors of complicated situations into our simulation. A good agreement with the combined data of CEO in Japan and US is obtained.

Keywords: High income rank; Power-law distribution; Fractals; Income model (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:314:y:2002:i:1:p:743-748

DOI: 10.1016/S0378-4371(02)01171-8

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