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On the world distribution of income

2015

In this paper we demonstrate that the size distribution of the world income may be reasonably approximated by a log-normal distribution rather then by a power law, as has previously been believed. This result has been shown to be quite persistent as we move from 1985 to 2011.

Economics and Econometricsbusiness.industrygeneralized gamma distribution log normal power law world income05 social sciencesGeneralized gamma distributionDistribution (economics)Settore SECS-P/06 - Economia Applicata01 natural sciencesPower law010305 fluids & plasmasSettore SECS-S/06 -Metodi Mat. dell'Economia e d. Scienze Attuariali e Finanz.0502 economics and business0103 physical sciencesLog-normal distributionEconomicsEconometrics050207 economicsbusinessMathematical economics
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