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The Forbes 400 and the Pareto wealth distribution [An article from: Economics Letters]
Description
This digital document is a journal article from Economics Letters, published by Elsevier in . The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
Statistical regularities at the top end of the wealth distribution are examined using the Forbes 400 lists during 1988-2003. We find that the wealth is distributed according to a Pareto (power-law) distribution with an average exponent of @a=1.49.
Description:
Statistical regularities at the top end of the wealth distribution are examined using the Forbes 400 lists during 1988-2003. We find that the wealth is distributed according to a Pareto (power-law) distribution with an average exponent of @a=1.49.
