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

120 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.

UN SDGs

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

SDG 1 No Poverty
SDG 10 Reduced Inequalities

Keywords

Market efficiency
Pareto
Wealth distribution

Access to Document

10.1016/j.econlet.2005.08.020

Cite this

@article{f2f3d2c60c5142718da69bad5cc4c804,

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.",

year = "2006",

month = feb,

doi = "10.1016/j.econlet.2005.08.020",

language = "אנגלית",

volume = "90",

pages = "290--295",

journal = "Economics Letters",

issn = "0165-1765",

publisher = "Elsevier B.V.",

number = "2",

}

TY - JOUR

T1 - The Forbes 400 and the Pareto wealth distribution

AU - Klass, Oren S.

AU - Biham, Ofer

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.

PY - 2006/2

Y1 - 2006/2

N2 - 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.

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

KW - Pareto

KW - Wealth distribution

UR - https://www.scopus.com/pages/publications/31344468833

U2 - 10.1016/j.econlet.2005.08.020

DO - 10.1016/j.econlet.2005.08.020

M3 - ???researchoutput.researchoutputtypes.contributiontojournal.article???

AN - SCOPUS:31344468833

SN - 0165-1765

VL - 90

SP - 290

EP - 295

JO - Economics Letters

JF - Economics Letters

IS - 2

ER -

The Forbes 400 and the Pareto wealth distribution

Abstract

Bibliographical note

UN SDGs

Keywords

Access to Document

Other files and links

Fingerprint

Cite this