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The Forbes 400 and the Pareto wealth distribution

2005; Elsevier BV; Volume: 90; Issue: 2 Linguagem: Inglês

10.1016/j.econlet.2005.08.020

1873-7374

Oren S. Klass, Ofer Biham, Moshe Levy, Ofer Malcai, Sorin Solomon,

Opinion Dynamics and Social Influence

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.