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A study of the personal income distribution in Australia

Banerjee, Anand; Yakovenko, Victor; Di Matteo, Tiziana

Description

We analyze the data on personal income distribution from the Australian Bureau of Statistics. We compare fits of the data to the exponential, log-normal, and gamma distributions. The exponential function gives a good (albeit not perfect) description of 98% of the population in the lower part of the distribution. The log-normal and gamma functions do not improve the fit significantly, despite having more parameters, and mimic the exponential function. We find that the probability density at zero...[Show more]

CollectionsANU Research Publications
Date published: 2006
Type: Journal article
URI: http://hdl.handle.net/1885/18525
Source: Physica A: Statistical mechanics and its applications
DOI: 10.1016/j.physa.2006.04.023

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