WEALTH MODELING OF POLISH HOUSEHOLDS USING STATISTICAL METHODS (Modelowanie zamoznosci polskich gospodarstw domowych metodami statystycznymi)

• Authors: Jagielski Maciej , Kutner Ryszard
• Languages of publication: PL

Abstracts

EN

The aim of this work is to analyze the empirical cumulative layouts of annual household income in Poland between 2000 and 2006. Data were collected from the Central Statistical Office. The layouts were compared with predictions of Pareto rights, Law of Proportionate Effect, generalized Lotka-Volterra model and models of collisions. It turned out that middle class and wealthy Polish households are described very well by the cumulative distributions of Pareto, which differ by the value of the Pareto exponent. On the other hand the income of poor households is described by a cumulative log-normal distribution. To describe the poor and middle class households the generalized Lotka-Volterra model can be used, which provides the theoretical interpretation of the level of individual households.

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Wydział Nauk Ekonomicznych Uniwersytetu Warszawskiego
• Journal: Ekonomia. Rynek, Gospodarka, Społeczeństwo
• Year: 2011
• Issue: 25
• Pages: 154-162
• Document type: ARTICLE

Contributors

author

Jagielski Maciej

author

Kutner Ryszard

• Jagielski Maciej; Division of Physics Education, Institute of Experimental Physics; Faculty of Physics, University of Warsaw, Smyczkowa 5/7, PL-02-678 Warsaw, Poland

Identifiers

CEJSH db identifier

11PLAAAA102620