The Forbes 400 and the Pareto wealth distribution

Statistical regularities at the top end of the wealth distribution are examined using the Forbes 400 lists during 1988–2003. We find that the wealth is distributed according to a Pareto (power-law) distribution with an average exponent of α = 1.49.

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Bibliographic Details
Published in:	Economics letters Vol. 90; no. 2; pp. 290 - 295
Main Authors:	Klass, Oren S., Biham, Ofer, Levy, Moshe, Malcai, Ofer, Solomon, Sorin
Format:	Journal Article
Language:	English
Published:	Elsevier B.V 01-02-2006 Elsevier
Series:	Economics Letters
Subjects:	Income distribution Market efficiency National income Pareto Statistical analysis Wealth Wealth distribution Pareto Market efficiency D31 Wealth distribution 016
Online Access:	Get full text
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Description
Summary:	Statistical regularities at the top end of the wealth distribution are examined using the Forbes 400 lists during 1988–2003. We find that the wealth is distributed according to a Pareto (power-law) distribution with an average exponent of α = 1.49.
Bibliography:	ObjectType-Article-2 SourceType-Scholarly Journals-1 ObjectType-Feature-1 content type line 23
ISSN:	0165-1765 1873-7374
DOI:	10.1016/j.econlet.2005.08.020