Group Function of Income Distribution in Society

Fedosin, Sergey G. (2015): Group Function of Income Distribution in Society. Published in: International Frontier Science Letters , Vol. 6, (December 2015): pp. 6-15.

Abstract

Based on the similarity of properties of photons and money, and on the formula for the density of distribution of photon gas by energies, the corresponding mathematical formula for distribution of annual income per capita is obtained. Application of this formula for the data analysis reveals several independent groups of population with different average levels of their income. In particular four main groups of population contribute to the distribution of income in the economy of the USA.

• Item Type: MPRA Paper
• Language: English
• Keywords: annual income; economic modeling; distribution of income.
• Subjects: E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E25 - Aggregate Factor Income Distribution; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O15 - Human Resources ; Human Development ; Income Distribution ; Migration

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