PARETO'S LAW FOR INCOME OF INDIVIDUALS AND DEBT OF BANKRUPT COMPANIES-Reference-Cited by-同舟云学术

PARETO'S LAW FOR INCOME OF INDIVIDUALS AND DEBT OF BANKRUPT COMPANIES

Published:2000-09 Issue:03 Volume:08 Page:293-300
ISSN:0218-348X
Container-title:Fractals
language:en
Short-container-title:Fractals

Author:

AOYAMA HIDEAKI¹,SOUMA WATARU¹,NAGAHARA YUICHI²,OKAZAKI MITSUHIRO P.³,TAKAYASU HIDEKI⁴,TAKAYASU MISAKO⁵

Affiliation:

1. Faculty of Integrated Human Studies, Kyoto University, Kyoto 606-8501, Japan

2. School of Political Science and Economics, Meiji University, 1-1 Kanda-Surugadai, Chiyoda-ku, Tokyo 101-8301, Japan

3. Factory Automation System Department, Takagi-Shokai Co., 2-2-7 Kitasennzoku, Ohta-ku, Tokyo 145-0062, Japan

4. Sony Computer Science Laboratories, 3-14-13 Higashi-Gotanda, Shinagawa-ku, Tokyo 141-0022, Japan

5. Department of Complex Systems, Future University – Hakodate, 116-2 Kameda-Nakano-cho, Hakodate, Hokkaido 041-8655, Japan

Abstract

We analyze the distribution of income and income tax of individuals in Japan for the fiscal year 1998. From the rank-size plots, we find that the accumulated probability distribution of both data obey a power law with a Pareto exponent very close to -2. We also present an analysis of the distribution of the debts owed by bankrupt companies from 1997 to March 2000, which is consistent with a power law behavior with a Pareto exponent equal to -1. This power law is the same as that of the income distribution of companies. Possible implications of these findings for model building are discussed.

Publisher

World Scientific Pub Co Pte Lt

Subject

Applied Mathematics,Geometry and Topology,Modelling and Simulation

Link

https://www.worldscientific.com/doi/pdf/10.1142/S0218348X0000038X

Reference12 articles.

1. Maximum entropy formalism, fractals, scaling phenomena, and 1/f noise: A tale of tails

2. Zipf's law in income distribution of companies

3. Dynamic numerical models of stock market price: from microscopic determinism to macroscopic randomness

4. Stable Infinite Variance Fluctuations in Randomly Amplified Langevin Systems

5. POWER LAWS ARE LOGARITHMIC BOLTZMANN LAWS

Cited by 104 articles. 订阅此论文施引文献订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献

1. A Wealth Distribution Agent Model Based on a Few Universal Assumptions;Entropy;2023-08-19

2. Emergence of Inequality in Income and Wealth Dynamics;Entropy;2023-07-27

3. Improving Predictive Models in the Financial Sector Using Fractal Analysis;System Analysis and Artificial Intelligence;2023

4. Optimal income crossover for a two-class model using particle swarm optimization;Physical Review E;2022-09-13

5. Models of Wealth and Inequality Using Fiscal Microdata: Distribution in Spain from 2015 to 2020;Mathematics;2021-02-13