Konvolut Wealth and Income Distribution 2

Steindl, Josef

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Document type:: Works

Collection:: Josef Steindl Collection

Title:: Konvolut Wealth and Income Distribution 2

Author:: Steindl, Josef

Scope:: Konvolut aus handschriftlichen und maschinenschriftlichen Blättern (insgesamt 92 Blätter)

Year of publication:: 1975

Source material date:: [vermutlich um 1975]

Language:: English

Note:: Das Konvolut enthält Notizen und Teil eines Papers mit Seitennummerierung 8-25. Es liegen zusätzlich 2 Durchschlagskopien davon mit unterschiedlichen Anmerkungen, Ergänzungen und Korrekturen vor. Zusätzlich sind auf 2 Millimeterpapier-Blättern graphische Darstellungen der Berechnungen vorhanden.

Topic:: Stochastic processes and size distribution

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

Shelfmark:: S/M.36.1

Use and reproduction license:: In Copyright

Access:: Free access

DOI:: https://doi.org/10.48671/nls.js.AC14446149

15 or conditional distribution of income, therefore includes earned income here. The regression of property owners’total income on their wealth can be studied on the basis of Dutch data"^(fig. 3). The regression is linear, and homo- scedastic; the correlation coefficient is 0,5, the re gression coefficient is 0.626^0.004 (data for 1962/63). The regression coefficient corresponds to our k. That k O can be explained in the first place by the presumed fact that with increasing wealth earned income is less and less important; in the second place perhaps by the fact that income from shares which dominates for the larger wealth does not]contain the undistributed profits. Since the Pareto coefficient for wealth was 1.38 in 1962/63, we should expect it to be 2.20 for income on the basis of the theory. In reality it was 2.08. A better correspondence is hardly to be expected, since the wealth distribution at that time has been distorted by the stock exchange boom (see / /). 2 ^ A similar calculation with Swedish data gives very un satisfactory results, although the regression line is linear and homoscedastic. This may be explained by the guess that the classification of income (which stops at 1 ^See / 1 / 2) Since the holding of shares increases strongly with the

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