JEL Classifications: C01; J10
STUDY OF THE DISTRIBUTION OF WEALTH IN THE MIDDLE AND
TOP SEGMENTS OF THE POPULATION OF GEORGIA REPUBLIC Author: Qetevan Pipia
| Published: 2019-07-29
| Pages: 130-142
For Citation: Pipia Q. (2019), Study Of The Distribution Of Wealth In The Middle And Top Segments Of The Population Of The Population Of Georgia, Globalization And Business, N7, pp. 130-142.
Due to economic, social, political and other differences, different sectors of society are subject to different laws of distribution. Among these laws are Pareto distribution, the normal distribution, the lognormal distribution, and so on. It is noteworthy that the higher, richer stratum of a society more often depends on the Pareto distribution. As for the poor and middle class, there was an attempt to build their model using a normal distribution. But later it turned out that more accurate results are provided by a lognormal distribution. The article attempts to build a model of the distribution of the upper layers of the population of Georgia in terms of per capita GDP consumption (according to the World Bank) using Pareto distribution. As for the other layers, due to the lack of data in GeoStat, when trying to build a model using a lognormal distribution, data on the population’s declared income are used, obtained from the Revenue Service of the Ministry of Finance of Georgia, hoping that this data correlates with the population distribution by GDP consumption.
PARETO DISTRIBUTION, LOGNORMAL DISTRIBUTION, MODELS OF ECONOMICAL LAYERS OF SOCIETY
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