New evidence for the power-law distribution of wealth

Moshe Levy*, Sorin Solomon

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

241 Scopus citations

Abstract

We present a non-conventional approach for studying the distribution of wealth in society. We analyze data from the 1996 Forbes 400 list of the richest people in the US. Our results confirm that wealth is distributed according to a power law. The measured exponent of the power-law is 1.36. As theoretically predicted, this value is in close agreement with the exponent of the Lévy distribution of stock market fluctuations.

Original languageAmerican English
Pages (from-to)90-94
Number of pages5
JournalPhysica A: Statistical Mechanics and its Applications
Volume242
Issue number1-2
DOIs
StatePublished - 1 Aug 1997

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