2015
DOI: 10.1016/j.physa.2015.03.071
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Income distribution in the European Union versus in the United States

Abstract: We prove that the refined approach -our extension of the Yakovenko et al. formalismis universal in the sense that it describes well both household incomes in the European Union and the individual incomes in the United States for social classes of any income. This formalism allowed the study of the impact of the recent world-wide financial crisis on the annual incomes of different social classes. Hence, we indicate the existence of a possible precursor of a market crisis. Besides, we find the most painful impac… Show more

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Cited by 8 publications
(5 citation statements)
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“…325-327; Gregorini, 2015, pp. 447-449; Jagielski et al , 2015, p. 39; Baliamoune–Lutz and McGillivray, 2015, pp. 9-10).…”
Section: Literature Reviewmentioning
confidence: 99%
“…325-327; Gregorini, 2015, pp. 447-449; Jagielski et al , 2015, p. 39; Baliamoune–Lutz and McGillivray, 2015, pp. 9-10).…”
Section: Literature Reviewmentioning
confidence: 99%
“…Since the publication of Vilfredo Pareto's pioneering work on income distribution in the late nineteenth century many additional studies have been carried out to empirically verify the Pareto law for both individuals and households. These analyses were carried out for the United States [3][4][5][6][7][8][9][10][11], the European Union [6,11,12], the UK [3,5,7,8,13], Germany [3], Italy [14,15], France [7], Switzerland [16], Sweden [8], Japan [9,[17][18][19][20], Australia [14,21], Canada [22], India [22,23], Sri Lanka [22], Peru [16], Egypt [22], South Korea [24], Romania [25], Portugal [22], Poland [6,26], and for the world as a whole [27,28].…”
Section: Introductionmentioning
confidence: 99%
“…Oancea et al (2017) presented a study as a part of their research on the allocation of personal income and the inequality in this allocation in Romania, processing individual tax income data using non-parametric and parametric methods. Jagielski et al (2015) also did a similar comparison on the distribution of income in the European Union and the United States in their work. The works on income inequality by other authors discuss differences in income between individuals or families or even between different population groups, regions or countries (Perron, 1998;Wood, 1995;Townsend, 1993;Ahluwalia, 1976).…”
Section: Literature Reviewmentioning
confidence: 88%