Hierarchy and the Power-Law Income Distribution Tail
| dc.contributor.author | Fix, Blair | |
| dc.date.accessioned | 2022-11-01T23:11:33Z | |
| dc.date.available | 2022-11-01T23:11:33Z | |
| dc.date.issued | 2018 | |
| dc.description | power law income distribution firm hierarchy economic modeling | |
| dc.description.abstract | 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. | |
| dc.identifier.citation | Hierarchy and the Power-Law Income Distribution Tail. Fix, Blair. (2018). Journal of Computational Social Science. OnlineFirst. July. pp. 1-21. (Article - Journal; English). | |
| dc.identifier.uri | http://hdl.handle.net/10315/39913 | |
| dc.title | Hierarchy and the Power-Law Income Distribution Tail | |
| dc.type | Article |