Wirtschaftsuniversität Wien Logo Full screen
  • First image
  • Previous image
  • Next image
  • Last image
  • Show double pages
  • Rotate to the left
  • Rotate to the right
  • Reset image to default view
Use the mouse to select the image area you want to share.
Please select which information should be copied to the clipboard by clicking on the link:
  • Link to the viewer page with highlighted frame
  • Link to IIIF image fragment

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.
Topic:
Stochastic processes and size distribution
JEL Classification:
D31 [Personal Income, Wealth, and Their Distributions]
Shelfmark:
S/M.23.1
Rights of use:
Free access In Copyright
Access:
Free access
DOI:
https://doi.org/10.48671/nls.js.AC14446015

Full text

Income sind health: -muirical Patterns 
The following remaiprs refer to the cross-classifications 
of wealth and income published in Holland and Sweden. These data 
show certain characteristics which are found aJ.so in other 
cross-section data concerned with size distributions, especially 
data from official publications like censuses etc. 
The first feature is that the great bulk of the observations 
is concentrated in the corner of the first ( the north-east ) quadrant. 
In other wards these distributions are very skew. A great many of the 
units are small in either dimension. 
The second feature is that the wealth distribution is 
heavily truncated ( in Sweden for example at 150.000 crowns) 
while the income distribution is given down to rather low levels. 
If the mean income in the various wealth classes is 
calculated a. linear regression of a very regular pattern is obtained. 
( This "regression of the first kind" as we may call it differs 
from the usual least squares regression in that it does not 
assume a -priori a certain mathematical function for the regressionf 
see Harald Cramir, Mathematical Metheds of Statistics,Princeton 19^6^3»— 
if the regression of the means turns out to be linear as is the case 
here, then it shoild be the same as the result of a linear least 
squares regression; this may be not quite true only in so far as 
we fail to use weights for the means corresponding to the various 
frequencies in the different wealth classes ). 
The same regression of the first kind in the other dimension - 
wealth on income - gives a completely different picture: r he mean 
wealth in the lower income classes does not indrease with income 
at all;- for higher incomes it increases very strongly, so that 
a strongly curved regression line results. 
At least one, and probably the most important reason for 
the curvi—linearity of this regression line lies in the truncation 
of the wealth data. If we try to fill in the missing wealth data 
in our imagination, according to plausible and common sense prior 
knowledge, we find that the regression'of wealth on income might 
well be quite linear and rather steep; at least it would be very 
much nearer to linearity than it is now. The inclusion of cases ■ 
with wealth below the tax limit, which is probably the lower and 
the more freauent the lower the income, would reduce the mean wealth 
* ^ . 7 
mf - . ‘ . 
in all income classes but it w'uld reduce it the more the lower the
	        

Cite and reuse

Cite and reuse

Here you will find download options and citation links to the record and current image.

Works

METS MARC XML Dublin Core RIS IIIF manifest Mirador ALTO TEI Full text PDF DFG-Viewer OPAC

Image

PDF ALTO TEI Full text
Download

Image fragment

Link to the viewer page with highlighted frame Link to IIIF image fragment

Citation links

Citation links

Works

To quote this record the following variants are available:
DOI:
Here you can copy a Goobi viewer own URL:

Image

Here you can copy a Goobi viewer own URL:

Citation recommendation

Steindl, J. (ohne Datumohne Datum). Konvolut The Personal Distribution of Income 1. https://doi.org/10.48671/nls.js.AC14446015
Please check the citation before using it.

Image manipulation tools

Tools not available

Share image region

Use the mouse to select the image area you want to share.
Please select which information should be copied to the clipboard by clicking on the link:
  • Link to the viewer page with highlighted frame
  • Link to IIIF image fragment

Cookies