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Modeling the Income Distribution in the Society

Igor Tsarev

Applied Econometrics, 2008, vol. 11, issue 3, 43-51

Abstract: In the paper the income distribution in the closed economic system is modeled. It has been shown the obtained equilibrium function for the income distribution in the society fits well the statistical data. It is also shown the Gini coef-ficient approaches its theoretical value 0.5 in the absence of government interference. Finally, the conclusion is drawn about a high stability of the income distribution

Keywords: income distribution; Gini coefficient (search for similar items in EconPapers)
JEL-codes: D31 E25 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (2)

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