TY - JOUR
T1 - A Pareto upper tail for capital income distribution
AU - Oancea, Bogdan
AU - Pirjol, Dan
AU - Andrei, Tudorel
N1 - Publisher Copyright:
© 2017 Elsevier B.V.
PY - 2018/2/15
Y1 - 2018/2/15
N2 - We present a study of the capital income distribution and of its contribution to the total income (capital income share) using individual tax income data in Romania, for 2013 and 2014. Using a parametric representation we show that the capital income is Pareto distributed in the upper tail, with a Pareto coefficient α∼1.44 which is much smaller than the corresponding coefficient for wage- and non-wage-income (excluding capital income), of α∼2.53. Including the capital income contribution has the effect of increasing the overall inequality measures.
AB - We present a study of the capital income distribution and of its contribution to the total income (capital income share) using individual tax income data in Romania, for 2013 and 2014. Using a parametric representation we show that the capital income is Pareto distributed in the upper tail, with a Pareto coefficient α∼1.44 which is much smaller than the corresponding coefficient for wage- and non-wage-income (excluding capital income), of α∼2.53. Including the capital income contribution has the effect of increasing the overall inequality measures.
KW - Capital income distribution
KW - Income inequality
KW - Pareto tail
UR - http://www.scopus.com/inward/record.url?scp=85032901532&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85032901532&partnerID=8YFLogxK
U2 - 10.1016/j.physa.2017.09.034
DO - 10.1016/j.physa.2017.09.034
M3 - Article
AN - SCOPUS:85032901532
SN - 0378-4371
VL - 492
SP - 403
EP - 417
JO - Physica A: Statistical Mechanics and its Applications
JF - Physica A: Statistical Mechanics and its Applications
ER -
