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
| dc.creator | Willis, G. | |
| dc.creator | Mimkes, J. | |
| dc.date | 2004-06-28 | |
| dc.date.accessioned | 2026-07-07T12:06:58Z | |
| dc.date.available | 2026-07-07T12:06:58Z | |
| dc.description | 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. | |
| dc.description | 28 pages,31 figures | |
| dc.identifier | https://arxiv.org/abs/cond-mat/0406694 | |
| dc.identifier | http://arxiv.org/abs/cond-mat/0406694 | |
| dc.identifier.uri | http://salesiana.dossiersoluciones.com/handle/123456789/208815 | |
| dc.subject | Other Condensed Matter | |
| dc.subject | General Finance | |
| dc.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 | |
| dc.type | text |