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The Personal Distribution of Income

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Works

Document type:
Works
Collection:
Josef Steindl Collection
Title:
The Personal Distribution of Income
Author:
Steindl, Josef
Scope:
Typoskript, 24 Seiten (23 Seiten auf Durchschlagpapier), mit zahlreichen handschriftlichen Anmerkungen und Anstreichungen
Year of publication:
1972
Source material date:
August-September 1972
Language:
English
Note:
Unveröffentlichtes Typoskript.
Related work:
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
Shelfmark:
S/M.52.8
Rights of use:
All rights reserved
Access:
Free access

Full text

13 
Table 1 
Sweden 1971 
3 |S^!?ns 
H-.1I n 1962/5 
Wealth distribution 
Pareto coefficient 
(whole range, 
11 values) 1.78 1.73 1»38 
Regression of 
income on wealth 
coefficient /( * 0.56 
Calculated Pareto 
coefficient for 
incomes 3*18 
0.65 
0.63 
2.66 
2.20 
Actual Pareto 
c efficiet £ r 
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 vAlues 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, r2* .25 in- 
Holland. 
From the actual ^'aret coefficle t for wealth and the 
coefficient A5 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 ret oefficieit ptoT income of 
wealth owners of 2,08. ( The coefficient for all Incomes includi g 
pepple with no taxable wealth, is n t markedly different, which 
is rather surprising). 
Sutch . , 
hile the/results are not wrse than c uld be expected 
the Swedish data are less straightforward. A peculiarity is here 
that married c uploo ( to s me extent als children ) are j intly 
assessed f r wealth tax s that their joint wealth and inc me is given 
in the data This leads t a splitting up f the maos f we .1th
	        

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