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arXiv · 1406.5083

A variation of the Dragulescu-Yakovenko income model

José María Sarabia·Faustino Prieto·Vanesa Jordá
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Abstract

In the context of the Dragulescu-Yakovenko (2000) model, we show that empirical income distribution with truncated datasets, cannot be properly modeled by the one-parameter exponential distribution. However, a truncated version characterized by an exponential distribution with two parameters gives an accurate fit.

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José María Sarabia, Faustino Prieto, Vanesa Jordá. 2014-06-19. A variation of the Dragulescu-Yakovenko income model. https://arxiv.org/abs/1406.5083

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