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Power Law Distributions in Korean Household Incomes

Kyungsik Kim and Seong-Min Yoon ()
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Kyungsik Kim: Pukyong National University

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Abstract: We investigate the distribution function and the cumulative probability for Korean household incomes, i.e., the current, labor, and property incomes. For our case, the distribution functions are consistent with a power law. It is also showed that the probability density of income growth rates almost has the form of a exponential function. Our obtained results are compared with those of other numerical calculations.

Date: 2004-03
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