Income and wealth distribution of the richest Norwegian individuals: An inequality analysis

Abstract

Using the empirical data from the Norwegian tax office, we analyse the wealth and income of the richest individuals in Norway during the period 2010--2013. We find that both annual income and wealth level of the richest individuals are describable using the Pareto law. We find that the robust mean Pareto exponent over the four-year period to be $\approx 2.3$ for income and $\approx 1.5$ for wealth.

References in corpus (11)

• Exponential and power-law probability distributions of wealth and income in the United Kingdom and the United States
• Colloquium: Statistical mechanics of money, wealth, and income
• Power Law Tails in the Italian Personal Income Distribution
• Evidence for Power-law tail of the Wealth Distribution in India
• Growth and Fluctuations of Personal Income
• The Power-law Tail Exponent of Income Distributions
• A Trade-Investment Model for Distribution of Wealth
• Modeling of income distribution in the European Union with the Fokker-Planck equation
• Income distribution patterns from a complete social security database
• Income Distribution in the European Union Versus in the United States
• Power Law Distributions in Korean Household Incomes

Cited by in corpus (2)

• Wealth distribution under the spread of infectious diseases
• Income distribution in Thailand is scale-invariant