Modelling of income distribution in the European Union with the Fokker–Planck equation

@inproceedings{Jagielski2013ModellingOI,
  title={Modelling of income distribution in the European Union with the Fokker–Planck equation},
  author={Maciej Jagielski and Ryszard Kutner},
  year={2013}
}
Herein, we applied statistical physics to study incomes of three (low-, medium- and high-income) society classes instead of the two (low- and medium-income) classes studied so far. In the frame of the threshold nonlinear Langevin dynamics and its threshold Fokker–Planck counterpart, we derived a unified formula for description of income of all society classes, by way of example, of those of the European Union in years 2006 and 2008. Hence, the formula is more general than the well known formula… CONTINUE READING

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