CROSS-DISCIPLINARY PHYSICS AND RELATED AREAS OF SCIENCE AND TECHNOLOGY |
|
|
|
|
Evidence of Scaling in Chinese Income Distribution |
XU Yan1, GUO Liang-Peng1, DING Ning2, WANG You-Gui1 |
1Department of Systems Science, School of Management, Beijing Normal University, Beijing 100875 2Research School of Social Science, Australian National University, Canberra, Australian Capital Territory 0200, Australia |
|
Cite this article: |
XU Yan, GUO Liang-Peng, DING Ning et al 2010 Chin. Phys. Lett. 27 078901 |
|
|
Abstract With income data from Chinese household income projects in 1998-2002, we study the functional form of Chinese income distribution. The fitting results suggest a log-normal distribution plus a power-law tail. This distributional form has changed a lot from its appearance in the early stage of China's reform and turns out to be consistent with that of some complete market economies. The uncertainty and diversity of income growth rate aroused by marketing reform are the main causes of current Chinese income distribution.
|
Keywords:
89.65.Gh
89.75.Da
02.50.-r
|
|
Received: 17 March 2010
Published: 28 June 2010
|
|
PACS: |
89.65.Gh
|
(Economics; econophysics, financial markets, business and management)
|
|
89.75.Da
|
(Systems obeying scaling laws)
|
|
02.50.-r
|
(Probability theory, stochastic processes, and statistics)
|
|
|
|
|
[1] Pareto V 1897 Le Cours d'Economie Politique (London: Macmillan) [2] Souma W 2001 Fractals 9 463 [3] Aoyama H, Souma W, Nagahara Y, Okazaki M P, Takayasu H and Takayasu M 2000 Fractals 8 293 [4] Nirei M and Souma W 2007 Rev. Income Wealth 53 440 [5] Dragulescu A and Yakovenko V M 2001 Physica A 299 213 [6] Clementi F and Gallegati M 2005 Physica A 350 427 [7] Banerjee A, Yakovenko V M and Matteo T D 2006 Physica A 370 54 [8] Moura Jr N J and Ribeiro M B 2009 Eur. Phys. J. B 67 101 [9] Ding N and Wang Y 2007 Chin. Phys. Lett. 24 2434 [10] Reid T 2007 Nature China 163 [11] Levy M and Solomon S 1997 Physica A 242 90 [12] Chatterjee A, Yarlagadda S and Chakrabarti B K 2005 Econophysics of Wealth Distributions (Berlin: Springer) [13] Sinha S 2006 Physica A 359 555 [14] Kmietowicz Z W and Ding H 1993 The Statistician 42 107 [15] Cowell F A and Victoria-Feser M P 1996 Econometrica 64 77 [16] Wu X and Perloff J M 2004 China's Income Distribution over Time: Reasons for Rising Inequality http://ssrn.com/abstract=506462 [17] Gustafsson B A, Li Sh and Sicular T 2008 Inequality and Public Policy in China (New York: Cambridge University) [18] Dragulescu A and Yakovenko V M 2001 Eur. Phys. J. B 20 585 [19] Yakovenko V M and Rosser J B 2009 Rev. Mod. Phys. 81 1703 [20] Kerm P V 2004 Economica 71 223 [21] Clauset A, Shalizi C R and Newman M E J 2009 SIAM Rev. 51 661 [22] Gibrat R 1931 Les Inegalites Economiques (Paris: Librairie du Recueil Sirey) [23] The 2008 Sub-industry Survey on Starting Salary http://article.zhaopin.com/pub/view.jsp?id=109356&cid=25625 [24] Montroll E W and Shlesinger M F 1982 Proc. Natl. Acad. Sci. U.S.A. 79 3380
|
|
Viewed |
|
|
|
Full text
|
|
|
|
|
Abstract
|
|
|
|
|