کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
978819 1480201 2006 8 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Evidence for power-law tail of the wealth distribution in India
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات فیزیک ریاضی
پیش نمایش صفحه اول مقاله
Evidence for power-law tail of the wealth distribution in India
چکیده انگلیسی

The higher-end tail of the wealth distribution in India is studied using recently published lists of the wealth of richest Indians between the years 2002–2004. The resulting rank distribution seems to imply a power-law tail for the wealth distribution, with a Pareto exponent between 0.81 and 0.92 (depending on the year under analysis). This provides a comparison with previous studies of wealth distribution, which have all been confined to Western advanced capitalist economies. We conclude with a discussion on the appropriateness of multiplicative stochastic process as a model for asset accumulation, the relation between the wealth and income distributions (we estimate the Pareto exponent for the latter to be around 1.5 for India), as well as possible sources of error in measuring the Pareto exponent for wealth.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Physica A: Statistical Mechanics and its Applications - Volume 359, 1 January 2006, Pages 555–562
نویسندگان
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