The Forbes 400 and the Pareto wealth distribution

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

doi:10.1016/j.econlet.2005.08.020

The Forbes 400 and the Pareto wealth distribution

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

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

103 Scopus citations

Abstract

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.

Original language	English
Pages (from-to)	290-295
Number of pages	6
Journal	Economics Letters
Volume	90
Issue number	2
DOIs	https://doi.org/10.1016/j.econlet.2005.08.020
State	Published - Feb 2006

Bibliographical note

Funding Information:
We thank the anonymous referee for helpful comments and suggestions. The processing of the Forbes 400 data benefited from the dedicated help by Chani Charush. This work was supported by a grant from the Israel Science Foundation and by the Zagagi Fund.

Keywords

Market efficiency
Pareto
Wealth distribution

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.econlet.2005.08.020

Cite this

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title = "The Forbes 400 and the Pareto wealth distribution",

abstract = "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.",

keywords = "Market efficiency, Pareto, Wealth distribution",

author = "Klass, {Oren S.} and Ofer Biham and Moshe Levy and Ofer Malcai and Sorin Solomon",

note = "Funding Information: We thank the anonymous referee for helpful comments and suggestions. The processing of the Forbes 400 data benefited from the dedicated help by Chani Charush. This work was supported by a grant from the Israel Science Foundation and by the Zagagi Fund.",

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AU - Levy, Moshe

AU - Malcai, Ofer

AU - Solomon, Sorin

N1 - Funding Information: We thank the anonymous referee for helpful comments and suggestions. The processing of the Forbes 400 data benefited from the dedicated help by Chani Charush. This work was supported by a grant from the Israel Science Foundation and by the Zagagi Fund.

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AB - 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.

KW - Market efficiency

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KW - Wealth distribution

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The Forbes 400 and the Pareto wealth distribution

Abstract

Bibliographical note

Keywords

UN SDGs

Access to Document

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