The European Physical Journal B

, Volume 60, Issue 2, pp 135–149 | Cite as

Kinetic exchange models for income and wealth distributions

Colloquium

Abstract.

Increasingly, a huge amount of statistics have been gathered which clearly indicates that income and wealth distributions in various countries or societies follow a robust pattern, close to the Gibbs distribution of energy in an ideal gas in equilibrium. However, it also deviates in the low income and more significantly for the high income ranges. Application of physics models provides illuminating ideas and understanding, complementing the observations.

PACS.

89.20.Hh World Wide Web, Internet 89.75.Hc Networks and genealogical trees 89.75.Da Systems obeying scaling laws 43.38.Si Telephones, earphones, sound power telephones, and intercommunication systems 

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Copyright information

© EDP Sciences/Società Italiana di Fisica/Springer-Verlag 2007

Authors and Affiliations

  1. 1.Theoretical Condensed Matter Physics Division and Centre for Applied Mathematics and Computational ScienceSaha Institute of Nuclear PhysicsKolkataIndia
  2. 2.Economic Research Unit, Indian Statistical InstituteKolkataIndia

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