Title of article
Inequality indicators and distinguishability in economics
Author/Authors
Meir J. Rosenblatt، نويسنده , , K. Martin?s، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2008
Pages
8
From page
2047
To page
2054
Abstract
Money has a material counterpart, such as banknotes or coins, and an ideal expression, monetary units. In the latter case, it is boson-like: individual incomes have no a priori limit, and their units are not distinguishable from each other in economic processes. Individuals, on the other hand, usually occupy one job at a time which makes them akin to fermions. We apply to individual incomes down-to-earth statistical calculations, similar to those for quantum particles, and obtain expressions for the cumulative distribution function, probability density and Lorenz function resulting from the simultaneous use of both statistics. They provide extremely good fits to corresponding data on French income distributions. On this basis, we propose a new entropic inequality indicator.
Journal title
Physica A Statistical Mechanics and its Applications
Serial Year
2008
Journal title
Physica A Statistical Mechanics and its Applications
Record number
872377
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