Artikel
Hierarchy and the Power-Law Income Distribution Tail
What explains the power-law distribution of top incomes? This paper tests the hypothesis that it is firm hierarchy that creates the power-law income distribution tail. Using the available case-study evidence on firm hierarchy, I create the first large-scale simulation of the hierarchical structure of the US private sector. Although not tuned to do so, this model reproduces the power-law scaling of top US incomes. I show that this is purely an effect of firm hierarchy. This raises the possibility that the ubiquity of power-law income distribution tails is due to the ubiquity of hierarchical organization in human societies.
- Sprache
-
Englisch
- Erschienen in
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Journal: Journal of Computational Social Science ; ISSN: 2432-2725 ; Year: 2018 ; Issue: OnlineFirst, July 2018 ; Pages: 1-21 ; Singapore: Springer
- Klassifikation
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Wirtschaft
- Thema
-
power law
income distribution
firm hierarchy
economic modeling
- Ereignis
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Geistige Schöpfung
- (wer)
-
Fix, Blair
- Ereignis
-
Veröffentlichung
- (wer)
-
Springer
ZBW – Leibniz Information Centre for Economics
- (wo)
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Singapore
- (wann)
-
2018
- DOI
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doi:10.1007/s42001-018-0019-8
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Fix, Blair
- Springer
- ZBW – Leibniz Information Centre for Economics
Entstanden
- 2018
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