Exponential and power-law probability distributions of wealth and income in the United Kingdom and the United States

Adrian Dragulescu and Victor Yakovenko

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Abstract: We present the data on wealth and income distributions in the United Kingdom, as well as on the income distributions in the individual states of the USA. In all of these data, we find that the great majority of population is described by an exponential distribution, whereas the high-end tail follows a power law. The distributions are characterized by a dimensional scale analogous to temperature. The values of temperature are determined for the UK and the USA, as well as for the individual states of the USA.

Date: 2001-03, Revised 2001-03
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Citations: View citations in EconPapers (159)

Published in Physica A 299, 213 (2001)

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Related works:
Working Paper: Exponential and power-law probability distributions of wealth and income in the United Kingdom and the United States (2002)
Journal Article: Exponential and power-law probability distributions of wealth and income in the United Kingdom and the United States (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:cond-mat/0103544

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