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Kinetic exchange models for income and wealth distributions

Author

Listed:
  • A. Chatterjee
  • B. K. Chakrabarti

Abstract

Increasingly, a huge amount of statistics have been gathered which clearly indicates that income and wealth distributions in various countries or societies follow a robust pattern, close to the Gibbs distribution of energy in an ideal gas in equilibrium. However, it also deviates in the low income and more significantly for the high income ranges. Application of physics models provides illuminating ideas and understanding, complementing the observations. Copyright EDP Sciences/Società Italiana di Fisica/Springer-Verlag 2007

Suggested Citation

  • A. Chatterjee & B. K. Chakrabarti, 2007. "Kinetic exchange models for income and wealth distributions," The European Physical Journal B: Condensed Matter and Complex Systems, Springer;EDP Sciences, vol. 60(2), pages 135-149, November.
    • Handle: RePEc:spr:eurphb:v:60:y:2007:i:2:p:135-149
    DOI: 10.1140/epjb/e2007-00343-8
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