IDEAS home Printed from https://ideas.repec.org/p/arx/papers/physics-0703201.html
   My bibliography  Save this paper

Economic Inequality: Is it Natural?

Author

Listed:
  • Arnab Chatterjee
  • Sitabhra Sinha
  • Bikas K. Chakrabarti

Abstract

Mounting evidences are being gathered suggesting that income and wealth distribution in various countries or societies follow a robust pattern, close to the Gibbs distribution of energy in an ideal gas in equilibrium, but also deviating significantly for high income groups. Application of physics models seem to provide illuminating ideas and understanding, complimenting the observations.

Suggested Citation

  • Arnab Chatterjee & Sitabhra Sinha & Bikas K. Chakrabarti, 2007. "Economic Inequality: Is it Natural?," Papers physics/0703201, arXiv.org, revised Mar 2007.
    • Handle: RePEc:arx:papers:physics/0703201
    as

    Download full text from publisher

    File URL: http://arxiv.org/pdf/physics/0703201
    File Function: Latest version
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Diniz, M. & Mendes, F.M., 2012. "Effects of taxation on money distribution," International Review of Financial Analysis, Elsevier, vol. 23(C), pages 81-85.
    2. Markus P. A. Schneider, 2018. "Revisiting the thermal and superthermal two-class distribution of incomes: A critical perspective," Papers 1804.06341, arXiv.org.
    3. Bertrand M. Roehner, 2010. "Fifteen years of econophysics: worries, hopes and prospects," Papers 1004.3229, arXiv.org.
    4. Willis, Geoff, 2011. "Wealth, income, earnings and the statistical mechanics of flow systems," MPRA Paper 31139, University Library of Munich, Germany.
    5. Venkatasubramanian, Venkat & Luo, Yu & Sethuraman, Jay, 2015. "How much inequality in income is fair? A microeconomic game theoretic perspective," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 435(C), pages 120-138.
    6. Willis, Geoff, 2011. "Why money trickles up – wealth & income distributions," MPRA Paper 30851, University Library of Munich, Germany.
    7. Venkat Venkatasubramanian, 2010. "What is Fair Pay for Executives? An Information Theoretic Analysis of Wage Distributions," Papers 1002.2269, arXiv.org.
    8. Janky, Béla & Varga, Dániel, 2013. "The poverty-assistance paradox," Economics Letters, Elsevier, vol. 120(3), pages 447-449.
    9. Yonatan Berman & Yoash Shapira & Eshel Ben-Jacob, 2015. "Modeling the Origin and Possible Control of the Wealth Inequality Surge," PLOS ONE, Public Library of Science, vol. 10(6), pages 1-21, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arx:papers:physics/0703201. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: arXiv administrators (email available below). General contact details of provider: http://arxiv.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.