Original paper
Physics-inspired analysis of the two-class income distribution in the USA in 1983–2018
Philosophical Transactions of the Royal Society A Mathematical Physical and Engineering Sciences4.30
Volume: 380, Issue: 2224
Published: Apr 11, 2022
Abstract
The first part of this paper is a brief survey of the approaches to economic inequality based on ideas from statistical physics and kinetic theory. These include the Boltzmann kinetic equation, the time-reversal symmetry, the ergodicity hypothesis, entropy maximization and the Fokker-Planck equation. The origins of the exponential Boltzmann-Gibbs distribution and the Pareto power law are discussed in relation to additive and multiplicative...
Paper Details
Title
Physics-inspired analysis of the two-class income distribution in the USA in 1983–2018
Published Date
Apr 11, 2022
Journal
Volume
380
Issue
2224
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Notes
History