Household Income Distribution in the USA

TL;DR

This paper introduces a new model for the distribution of household incomes in the USA, supported by theoretical arguments and empirical data fitting, offering insights into income distribution patterns.

Contribution

The paper proposes an alternative income distribution model and validates it against US Census Bureau data, providing a novel approach to understanding income disparities.

Findings

The model fits well with empirical income data

Theoretical and empirical perspectives support the proposed distribution

Provides a new framework for analyzing income inequality

Abstract

In this article we present an alternative model for the distribution of household incomes in the United States. We provide arguments from two differing perspectives which both yield the proposed income distribution curve, and then fit this curve to empirical data on household income distribution obtained from the United States Census Bureau.