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Erschienen in: Journal of Economic Interaction and Coordination 3/2018

11.02.2017 | Regular Article

Quantifying invariant features of within-group inequality in consumption across groups

verfasst von: Anindya S. Chakrabarti, Arnab Chatterjee, Tushar Nandi, Asim Ghosh, Anirban Chakraborti

Erschienen in: Journal of Economic Interaction and Coordination | Ausgabe 3/2018

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Abstract

We study unit-level expenditure on consumption across multiple countries and multiple years, in order to extract invariant features of consumption distribution. We show that the bulk of it is lognormally distributed, followed by a power law tail at the limit. The distributions coincide with each other under normalization by mean expenditure and log scaling even though the data is sampled across multiple dimension including, e.g. time, social structure and locations. This phenomenon indicates that the dispersions in consumption expenditure across various social and economic groups are significantly similar subject to suitable scaling and normalization. Further, the results provide a measurement of the core distributional features. Other descriptive factors including those of sociological, demographic and political nature, add further layers of variation on the this core distribution. We present a stochastic multiplicative model to quantitatively characterize the invariance and the distributional features.

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Metadaten
Titel
Quantifying invariant features of within-group inequality in consumption across groups
verfasst von
Anindya S. Chakrabarti
Arnab Chatterjee
Tushar Nandi
Asim Ghosh
Anirban Chakraborti
Publikationsdatum
11.02.2017
Verlag
Springer Berlin Heidelberg
Erschienen in
Journal of Economic Interaction and Coordination / Ausgabe 3/2018
Print ISSN: 1860-711X
Elektronische ISSN: 1860-7128
DOI
https://doi.org/10.1007/s11403-017-0189-0

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