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Income and wealth distribution of the richest Norwegian individuals: An inequality analysis
Income and wealth distribution of the richest Norwegian individuals: An inequality analysis
- Publication Year :
- 2016
-
Abstract
- Using the empirical data from the Norwegian Tax Administration, we analyze the wealth and income of the richest individuals in Norway during the period 2010–2013. We find that both annual income and wealth level of the richest individuals are describable using the Pareto law. We find that the robust mean Pareto exponent over the four-year period to be ≈2.3 for income and ≈1.5 for wealth.
- Subjects :
- Statistics and Probability
Physics - Physics and Society
Inequality
media_common.quotation_subject
Distribution (economics)
FOS: Physical sciences
Norwegian
Physics and Society (physics.soc-ph)
01 natural sciences
010305 fluids & plasmas
FOS: Economics and business
Income distribution
0103 physical sciences
Economics
010306 general physics
media_common
business.industry
Pareto principle
Condensed Matter Physics
language.human_language
Income inequality metrics
language
Pareto law
Demographic economics
Redistribution of income and wealth
business
General Finance (q-fin.GN)
Quantitative Finance - General Finance
Subjects
Details
- Language :
- English
- Database :
- OpenAIRE
- Accession number :
- edsair.doi.dedup.....aa098cbd788baf5ac3d777c835c011fe