A study of personal income distributions in Australia and Italy

The study of income distribution has a long history. A century ago, the Italian physicist and economist Pareto proposed that income distribution obeys a universal power law, valid for all time and countries. Subsequent studies proved that only the top 1-3\% of the population follow a power law. For USA, the rest 97-99\% of the population follow the exponential distribution [1]. We present the results of a similar study for Australia and Italy. \\ {} [1] A.~C.~Silva and V.~M.~Yakovenko, Europhys.~Lett.\textbf{69}, 304 (2005).