Is the wealth of the Forbes 400 lists really Pareto distributed?

Research output: Contribution to journalArticle

  • Authors:
  • Stephen Chan
  • Jeffrey Chu
  • Saralees Nadarajah

Abstract

A number of researchers have studied the wealth distribution of the Forbes 400 lists (for example, Klass et al. (2006)). They argue that the wealth is Pareto distributed. We ask the question: does the Pareto distribution really give a statistically adequate fit? We find other distributions giving statistically adequate fits.

Bibliographical metadata

Original languageEnglish
Pages (from-to)9-14
Number of pages6
JournalEconomics Letters
Volume152
Early online date21 Dec 2016
DOIs
StatePublished - 1 Mar 2017