tag:blogger.com,1999:blog-831580070245692063.post3146515278131695222..comments2024-02-13T17:31:39.674-05:00Comments on The World Complex: Interpretation of scaling laws for US income mickeymanhttp://www.blogger.com/profile/05294892836443576042noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-831580070245692063.post-7785316464334783772013-11-25T09:47:21.630-05:002013-11-25T09:47:21.630-05:00That's good. In your analysis you've gone ...That's good. In your analysis you've gone more into the mechanism of the wealth transfer--something which I avoided. <br /><br />I had not seen a thermodynamic treatment of economics previously.mickeymanhttps://www.blogger.com/profile/05294892836443576042noreply@blogger.comtag:blogger.com,1999:blog-831580070245692063.post-6265888093734357732013-11-25T00:18:24.582-05:002013-11-25T00:18:24.582-05:00I used the Social Security Administration's Av...I used the Social Security Administration's Average Wage Index, and fitted it to a LogNormal distribution (2012). mu=10.2 sigma=1.496. When I checked it against the fit it showed the actual distribution as being skewed more towards the poor. I had hoped to fit income to a gamma distribution as that would give a canonical interpretation to the data, While it did a reasonable job of explaining Cal Abelhttps://www.blogger.com/profile/04877606999978881010noreply@blogger.comtag:blogger.com,1999:blog-831580070245692063.post-43533705233831100232013-11-24T15:17:38.560-05:002013-11-24T15:17:38.560-05:00You might have seen this stuff or might like it:
...You might have seen this stuff or might like it:<br /><br />Log log slope information on income distributions in different economies.<br />I calculated alpha=2 slope for your graph which matches 1.95 slope for USA in 1945.<br />Log N=A-alpha*LogY<br />(Think this is for cumulative incomes)<br />http://books.google.com/books?id=o-8a6uvQcSwC&pg=PA44&dq=vilfredo+pareto+income+distribution<brAnonymousnoreply@blogger.com