Non-stationary individual and household income of poor, rich and middle classes in Mexico

P. Soriano-Hernández, M. del Castillo-Mussot, O. Córdoba-Rodríguez and R. Mansilla-Corona

Physica A: Statistical Mechanics and its Applications, 2017, vol. 465, issue C, 403-413

Abstract: Despite Mexican peso crisis in 1994 followed by a severe economic recession, individual and household income distributions in the period 1992–2008 always exhibit a two-class structure; a highly fluctuating high-income class adjusted to a Pareto power-law distribution, and a low-income class (including poor and middle classes) adjusted to either Log-normal or Gamma distributions, where poor agents are defined as those with income below the maximum of the uni-modal distribution. Then the effects of crisis on the income distributions of the three classes are briefly analysed.

Keywords: Income distribution; Pareto; Econophysics (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:465:y:2017:i:c:p:403-413

DOI: 10.1016/j.physa.2016.08.042

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