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Growth and Fluctuations of Personal (and Company’s) Income II

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Book cover The Application of Econophysics

Abstract

We report a modern-day theory. kinematics of income dynamics. The phenomenological study done on Japanese tax payers in high income bracket for 1997 and 1998, with identifications of individuals over these two years, revealed a law we called Universality We show here that this property combined with Stationarity of the income probability distribution function (pdf) leads to the Pareto’s law and the relation between the growth-rate pdf in the positive-growth region and that in the negative-growth region.

Address after April lst, 2003: Graduate School of Science, Kyoto University, Kyoto 606–8501

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References

  1. Y. Fujiwara, H. Aoyama and W. Souma, “Growth and Fluctuations of Personal Income I”, in this Proceedings.

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  2. H. Aoyama, et. al., “Pareto’s law for income of individuals and debt of bankrupt companies” Fractals 8 (2000) 293–300.

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  3. W. Souma, “Universal structure of the personal income distribution”, Fractals 9, (2001) 463–470.

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  4. Y. Fujiwara, W. Souma, H. Aoyama, T. Kaizoji and M. Aoki, “Growth and fluctuations of personal income”. cond-mat/0208398.

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  5. V. Pareto, “Le Cours d’Économie Politique”, (Macmillan, London, 1897).

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  6. J.-P. Bouchaud and M. Mézard, “Wealth condensation in a simple model of economy” Physica A282 (2000) 536–543.

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  7. W. Sounia, Y. Fujiwara and H. Aoyauia, “Small-world effects in wealth distribution”, cond-mat/0108482.

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Author information

Authors and Affiliations

  1. Faculty of Integrated Human Studies, Kyoto University, Kyoto, 606-8501, Japan

    Hideaki Aoyama

  2. ATR Human Information Science Laboratories, Kyoto, 619-0288, Japan

    Yoshi Fujiwara & Wataru Souma

Authors
  1. Hideaki Aoyama
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  2. Yoshi Fujiwara
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  3. Wataru Souma
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Editor information

Editors and Affiliations

  1. Sony Computer Science Laboratories, Inc., 3-14-13 Higashi-Gotanda, Shinagawa-ku, Tokyo, 141-0022, Japan

    Hideki Takayasu (Senior Researcher) (Senior Researcher)

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© 2004 Springer Japan

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Aoyama, H., Fujiwara, Y., Souma, W. (2004). Growth and Fluctuations of Personal (and Company’s) Income II. In: Takayasu, H. (eds) The Application of Econophysics. Springer, Tokyo. https://doi.org/10.1007/978-4-431-53947-6_38

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  • DOI: https://doi.org/10.1007/978-4-431-53947-6_38

  • Publisher Name: Springer, Tokyo

  • Print ISBN: 978-4-431-67961-5

  • Online ISBN: 978-4-431-53947-6

  • eBook Packages: Springer Book Archive

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