Evidence for the Independence of Waged and Unwaged Income, Evidence for Boltzmann Distributions in Waged Income, and the Outlines of a Coherent Theory of Income Distribution Export

@misc{citeulike:618, abstract = {Two sets of high quality income data are analysed in detail, one set from the UK, one from the USA. It is firstly demonstrated that both a log-normal distribution and a Boltzmann distribution can give very accurate fits to both these data sets. The absence of a power tail in the US data set is then discussed. Taken in conjunction with detailed evidence from the UK and Japanese income data, a strong case is made for the mathematically separate treatment of waged and unwaged income. The authors present a case for preferring the use of the Boltzmann distribution over the log-normal function, this leads to a brief review of the work of a number of researchers, which shows that a coherent theory for the distribution of all income can be postulated.}, archivePrefix = {arXiv}, author = {Willis, G. and Mimkes, J.}, citeulike-article-id = {618}, citeulike-linkout-0 = {http://arxiv.org/abs/cond-mat/0406694}, citeulike-linkout-1 = {http://arxiv.org/pdf/cond-mat/0406694}, eprint = {cond-mat/0406694}, keywords = {economics}, month = {June}, posted-at = {2004-11-15 21:00:30}, title = {Evidence for the Independence of Waged and Unwaged Income, Evidence for Boltzmann Distributions in Waged Income, and the Outlines of a Coherent Theory of Income Distribution}, url = {http://arxiv.org/abs/cond-mat/0406694}, year = {2004} }

TY - ELEC ID - citeulike:618 L3 - citeulike-article-id:618 N2 - Two sets of high quality income data are analysed in detail, one set from the UK, one from the USA. It is firstly demonstrated that both a log-normal distribution and a Boltzmann distribution can give very accurate fits to both these data sets. The absence of a power tail in the US data set is then discussed. Taken in conjunction with detailed evidence from the UK and Japanese income data, a strong case is made for the mathematically separate treatment of waged and unwaged income. The authors present a case for preferring the use of the Boltzmann distribution over the log-normal function, this leads to a brief review of the work of a number of researchers, which shows that a coherent theory for the distribution of all income can be postulated. TI - Evidence for the Independence of Waged and Unwaged Income, Evidence for Boltzmann Distributions in Waged Income, and the Outlines of a Coherent Theory of Income Distribution KW - economics AU - Willis, G AU - Mimkes, J PY - 2004/06/28/ UR - http://arxiv.org/abs/cond-mat/0406694 ER -