Modelling of the European Union income distribution by extended Yakovenko formula

Maciej Jagielski and Ryszard Kutner

Papers from arXiv.org

Abstract: We found a unified formula for description of the household incomes of all society classes, for instance, for the European Union in years 2005-2010. The formula is more general than well known that of Yakovenko et al. because, it satisfactorily describes not only the household incomes of low- and medium-income society classes but also the household incomes of the high-income society class. As a striking result, we found that the high-income society class almost disappeared in year 2009, in opposite to situation in remaining years, where this class played a significant role.

Date: 2013-12
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1312.2722

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