Growth and fluctuations of personal and company's income

Hideaki Aoyama, Wataru Souma and Yoshi Fujiwara

Physica A: Statistical Mechanics and its Applications, 2003, vol. 324, issue 1, 352-358

Abstract: We report several recent findings on income distribution. Using high-frequency data for personal income-tax in Japan, we have found that the probability distribution function of the growth-rate is independent from the income. We show that this Universality combined with the time-reversal invariance of the income distribution leads to the Pareto's law. We also find the same Universality holds for company's taxable income in Japan.

Keywords: Pareto's law; Universality; Scaling rules; T-invariance (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (35)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:324:y:2003:i:1:p:352-358

DOI: 10.1016/S0378-4371(02)01855-1

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