英文标题:
《How universal is the law of income distribution? Cross country
  comparison》
---
作者:
Ivan Kitov, Oleg Kitov
---
最新提交年份:
2015
---
英文摘要:
  The evolution of personal income distribution (PID) in four countries: Canada, New Zealand, the UK, and the USA follows a unique trajectory. We have revealed precise match in the shape of two age-dependent features of the PID: mean income and the portion of people with the highest incomes (2 to 5% of the working age population). Because of the U.S. economic superiority, as expressed by real GDP per head, the curves of mean income and the portion of rich people currently observed in three chasing countries one-to-one reproduce the curves measured in the USA 15 to 25 years before. This result of cross country comparison implies that the driving force behind the PID evolution is the same in four studied countries. Our parsimonious microeconomic model, which links the change in PID only with one exogenous parameter - real GDP per capita, accurately predicts all studied features for the U.S. This study proves that our quantitative model, based on one first-order differential equation, is universal. For example, new observations in Canada, New Zealand, and the UK confirm our previous finding that the age of maximum mean income is defined by the root-square dependence on real GDP per capita. 
---
中文摘要:
加拿大、新西兰、英国和美国四个国家的个人收入分配(PID)的演变遵循一条独特的轨迹。我们揭示了PID的两个年龄相关特征的精确匹配:平均收入和收入最高的人群比例(占工作年龄人口的2%至5%)。由于美国的经济优势(以人均实际GDP表示),目前在三个追赶国家观察到的平均收入和富人比例曲线一对一地重现了15至25年前在美国测量的曲线。跨国比较的结果表明,在四个研究国家中,PID演变背后的驱动力是相同的。我们的简约微观经济模型仅将PID的变化与一个外生参数(人均实际GDP)联系起来,准确地预测了美国的所有研究特征。这项研究证明,我们基于一阶微分方程的定量模型是通用的。例如,加拿大、新西兰和英国的新观察结果证实了我们之前的发现,即最高平均收入年龄是由人均实际GDP的平方根依赖性定义的。
---
分类信息:
一级分类:Quantitative Finance        数量金融学
二级分类:General Finance        一般财务
分类描述:Development of general quantitative methodologies with applications in finance
通用定量方法的发展及其在金融中的应用
--
---
PDF下载:
-->