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Konvolut Wealth and Income Distribution 1

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Document type:
Works
Collection:
Josef Steindl Collection
Title:
Konvolut Wealth and Income Distribution 1
Author:
Steindl, Josef
Scope:
Konvolut aus handschriftlichen und maschinenschriftlichen Blättern (insgesamt 70 Blätter)
Year of publication:
1975
Source material date:
[vermutlich um 1975]
Language:
English
Note:
Das Konvolut enthält handschriftliche Tabellen, graphische Darstellungen der Berechnungen auf Millimeterpapier, Teile eines Papers (Typoskript) mit Seitennummerierung 8-25 sowie mehrere Blätter mit handschriftlichen Notizen.
Topic:
Stochastic processes and size distribution
JEL Classification:
D31 [Personal Income, Wealth, and Their Distributions]
Shelfmark:
S/M.27.1
Rights of use:
In Copyright
Access:
Free access
DOI:
https://doi.org/10.48671/nls.js.AC14446148

Full text

Footnotes to p.4 
1) Although Champernowne’s theory is more complicated than the 
simple model which takes its place in the above reasoning, 
we can easily extend the conclusions: With Shampernowne, the 
promotion i3 stochastic, with probabilities of non-promotion 
and demotion. In this more general case p in the above solution 
has to be replaced by b which is the roo€ of the characteristic 
equation of the matrix. 
The Pareto coefficient in the simple case is - --E. , the ratio 
of the parameters of the two exponential distributions; in the 
more general case of Champernowne the Pareto coefficient is 
«| „ u 
- — . b could be regarded as the parameter of an age dis 
tribution, if the classes (states of the system) are regarded 
as age classes. 
2) Champernowne apparently did not know Yule's paper: It was 
H.Simon's merit to have brought it to the attention of 
economists; unfortunately he reproduced it in a form which 
obscured its essence, which is the interplay of the two ex 
ponential distributions, i.e. of two stochastic processes.
	        

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Steindl, J. (1975). Konvolut Wealth and Income Distribution 1. https://doi.org/10.48671/nls.js.AC14446148
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