Growth and Fluctuations of Personal (and Company’s) Income II
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.
KeywordsPersonal Income Income Dynamic Income Bracket Taxable Profit High Income Bracket
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