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

14 h lders int fur gr -ups ( o u lea where b th have wealth- couples wh re ne • nly has wealth, single men and single r .men ), •‘■'he reducti n in sample 3ise Impairs the regularity f the data and I have therefore aggregated the four int two groups i married c uples and single pees ns. The calculated ftoet> coefficients for income of wealth woe wners are much higher than the actual ones ( ^able 1), These calculated c efficients c >rrespond more nearly to those of all income receivers including the wealthless ones -t e great majority. They correspond also more nearly to those of the conditional income distribtti >ns in all wealth classes except the last three. In fact, if we exclude the open wealth class fr g the income distribution ( which might perhaps be motivated by the argument that it is not contained in the calculation of AT either ) the we get Pareto coefficients entirely in line with the calculated ones ( Table 1). The motivation is not enti el^ convincing and the results are inconclusive. 9inde the conditional income distributions in the wealth classes have been referred to several times. * give in the fallowing data for couples where b th husband and wife have wealth. conditional inc me distributi n Wealth in ~ K mean Pareto coefficient 150.175 474 4.06 175-2' - 4 76 3-55 2 ^-250 4-79 3 03 250-30 4 04 392 3 -4o 4.88 3.69 4 0.5,00 4-95 3-34 5 -75 5.01 3.29 75-1 r 5. 9 3.0 10 -2 0 5.10 3.47 2 0-5 0 5.38 2.19 5'00- (5.74) 1.17 All 2.68 All without open wealth class 3.16

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