| Details: |
Increasingly, a huge amount of statistics have been gathered which
clearly indicates that income and wealth distributions in various
countries or societies follow a robust pattern, close to the Gibbs
distribution of energy in an ideal gas in equilibrium. However, it
also deviates in the low income and more significantly for the high
income ranges. Application of physics models provides illuminating
ideas and understanding, complementing the observations. We intend
to discuss these recent developments. |