Konvolut The Personal Distribution of Income 2

Steindl, Josef

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Document type:: Works

Collection:: Josef Steindl Collection

Title:: Konvolut The Personal Distribution of Income 2

Author:: Steindl, Josef

Scope:: 51 Blätter. Konvolut aus handschriftlichen und maschinengeschriebenen Blättern

Year of publication:: 1972

Source material date:: August-September 1972

Language:: German English

Note:: Titel fingiert. Das Konvolut umfasst ein 20 seitiges Typoskript des Artikels "The Personal Distribution of Income" von August/September 1972 mit zahlreichen handschrifltichen Anmerkungen und Anstreichungen; einen Anhang mit Tabellen zur Einkommensverteilung in Schweden, sowie weitere Blätter mit handschriftlichen Texten, Formeln, Tabellen und Diagrammen.

Topic:: Stochastic processes and size distribution

JEL Classification:: D31 [Personal Income, Wealth, and Their Distributions]

Shelfmark:: S/M.10.1

DOI:: https://doi.org/10.48671/nls.js.AC14446046

13 Table Sweden 1 971 married couples single persons Holland 1962/3 Wealth distribution Pareto coefficient (whole range, 11 values) 1.78 1.73 1.38 Regression of income on wealth coefficient \C : 0.56 0.65 Calculated Pareto coefficient for income: 5.18 2.66 0.63 2.20 Actual Pareto coefficiet for income ( 5 values) 2.62 2.14 2.08 ditto, excluding the open size class of wealth 3.12 2.62 The above table gives the v&lues for the coefficient of regression of the mean income on wealth. The correlation is very high ( r is ,997 ) for the mean income values; for the mean square correlation of the grouped income data it is modest, r^= .25 in Holland. From the actual -^areto coefficient for wealth and the coefficient K, we can calculate the Pareto coefficiet for income in accordance with equation (£■). In Holland we obtain 2.20, which compares with an actual P a reto voefficieht ( for income of wealth owners of 2.08. ( The coefficient for all incomes^including pepple with no taxable wealth, is not markedly different, which is rather surprising). Butch While the/results are not worse than could be expected . the Swedish data are less straightforward. A peculiarity is here that married couples ( to some extent als^o^c&ildren ) are jointly assessed for wealth tax so that their joint wealth and income is given in the data. This leads to a splitting up of the mass of wealth

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