Modelling of the European Union income distribution by extended Yakovenko formula

Por • 16 dic, 2013 • Sección: Opinion

Maciej Jagielski, Ryszard Kutner

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.

arXiv:1312.2722v1 [q-fin.GN]

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