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arxiv: 1312.2722 · v1 · pith:E6CMGTG3new · submitted 2013-12-10 · 💱 q-fin.GN

Modelling of the European Union income distribution by extended Yakovenko formula

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keywords societyclassformulahouseholdincomesclasseseuropeanfound
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We found a unified formula for description of the household incomes of all society classes, for instance, for the European Union in years 2005-2010. The formula is more general than well known that of Yakovenko et al. because, it satisfactorily describes not only the household incomes of low- and medium-income society classes but also the household incomes of the high-income society class. As a striking result, we found that the high-income society class almost disappeared in year 2009, in opposite to situation in remaining years, where this class played a significant role.

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