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Konvolut The Personal Distribution of Income 1

Bibliographic data

Works

Document type:
Works
Collection:
Josef Steindl Collection
Title:
Konvolut The Personal Distribution of Income 1
Author:
Steindl, Josef
Scope:
Konvolut aus handschriftlichen und maschinenschriftlichen Blättern (insgesamt 71)
Year of publication:
ohne Datum
Language:
German English
Note:
Titel fingiert. - 2 Kopien einer unveröffentlichten Version des Artikels "The Personal Distribution of Income" von August/September 1972 mit handschrifltichen Anmerkungen und Anstreichungen, zusätzlich einzelne Blätter mit teils handgeschriebenen und -gezeichneten Formeln, Tabellen und Diagrammen.
Related work:
Steindl, Josef: The Distribution of Wealth after a Model of Wold and Whittle. In: Steindl, Josef: Economic Papers 1941-88. London: Macmillan, 1990, S. 328-355 Steindl, Josef: The Pareto Distribution. In: Steindl, Josef: Economic Papers 1941-88. London: Macmillan, 1990, S. 321-327 Steindl, Josef: The Personal Distribution of Income. In: Steindl, Josef: Economic Papers 1941-88. London: Macmillan, 1990, S. 356-371
Topic:
Stochastic processes and size distribution
JEL Classification:
D31 [Personal Income, Wealth, and Their Distributions]
Shelfmark:
S/M.23.1
Rights of use:
All rights reserved
Access:
Free access

Full text

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It. will, be noted that the process can be described up to 
this point without any reference to. income. We may regard the 
states of the system represented by the elements of. the matrix 
as ,r grq.desor ,r ags." -'possibly carreer, age on age in earning 
■ .. *11 ■ 
life,, although in conformity with Champernowne we referred to 
them as income classes. 1 
We have now to define the income in relation to the class 
intervals of the matrix: The lower limit of class 1 is 
taken to he the minimum’income. We may choose the income 
units such that the minimum income is unity, i.e. on the 
logarithmic scale it is zero. The income at the lower 
limit of successive income classes K is defined by 
7k - 
or In y K = Kh 
where h is the size of the class interval on 
the log scale 
V 
^) The difficulties arising from the discrete representation of 
a continuous income variable in the matrix do not concern 
us here. See £toJ p. 62. 72^ 1. Met 
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Steindl, J. (ohne Datumohne Datum). Konvolut The Personal Distribution of Income 1.
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