Article ID Journal Published Year Pages File Type
7376732 Physica A: Statistical Mechanics and its Applications 2017 11 Pages PDF
Abstract
Despite Mexican peso crisis in 1994 followed by a severe economic recession, individual and household income distributions in the period 1992-2008 always exhibit a two-class structure; a highly fluctuating high-income class adjusted to a Pareto power-law distribution, and a low-income class (including poor and middle classes) adjusted to either Log-normal or Gamma distributions, where poor agents are defined as those with income below the maximum of the uni-modal distribution. Then the effects of crisis on the income distributions of the three classes are briefly analysed.
Related Topics
Physical Sciences and Engineering Mathematics Mathematical Physics
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