Please use this identifier to cite or link to this item:
http://hdl.handle.net/11718/21895
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Chakrabarti, Anindya | |
dc.contributor.author | Chatterjee, Arnab | |
dc.contributor.author | Tushar, Nandi | |
dc.contributor.author | Ghosh, Asim | |
dc.contributor.author | Chakraborti, Anirban | |
dc.date.accessioned | 2019-05-20T22:27:19Z | |
dc.date.available | 2019-05-20T22:27:19Z | |
dc.date.issued | 2018 | |
dc.identifier.citation | Chakrabarti, A.S., Chatt erjee, A., Nandi, T., Ghosh, A., & Chakraborti, A. (2017). Quantifying invariant features of within group inequality in consumption across groups. Journal of Economics interaction and Coordination, 1-22. DOI: 10.1007/ sll403-0l7-0189-0 | en_US |
dc.identifier.uri | http://hdl.handle.net/11718/21895 | |
dc.description.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 aresignificantly 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. | en_US |
dc.publisher | Springer | en_US |
dc.subject | Inequality | en_US |
dc.subject | Invariance | en_US |
dc.subject | Consumption distribution | en_US |
dc.subject | Power law | en_US |
dc.title | Quantifying invariant features of within-group inequality in consumption across groups | en_US |
dc.title.alternative | Journal of Economics interaction and Coordination | en_US |
dc.type | Article | en_US |
Appears in Collections: | Journal Articles |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
Quantifying invariant features_2018.pdf Restricted Access | Quantifying invariant features_2018 | 1.06 MB | Adobe PDF | View/Open Request a copy |
Items in IIMA Institutional Repository are protected by copyright, with all rights reserved, unless otherwise indicated.