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- W2905780784 abstract "Abstract The econophysics “two‐class” approach yields a novel theoretical and empirically robust relation: The per capita income of any bottom fraction ( x ) of the population equals a( x )∙(1− G ) , where a ( x ) is a coupling coefficient, G the Gini, and is national per capita income. For the bottom 70%, a (70) = 1, which yields the Sen inequality adjustment to the 1993 UNDP Human Development Index, without any reliance on social welfare functions. Alternately, a (80) = 1.1 yields the bottom 80% per capita income (Vast Majority Income). We propose the latter as a new inequality‐adjusted measure of wellbeing." @default.
- W2905780784 created "2019-01-01" @default.
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- W2905780784 date "2022-09-28" @default.
- W2905780784 modified "2023-10-16" @default.
- W2905780784 title "Some universal patterns in income distribution: An econophysics approach" @default.
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- W2905780784 doi "https://doi.org/10.1111/meca.12412" @default.
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