The Personal Distribution of Income

Steindl, Josef

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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

Access:: Free access

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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