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.

Topic:: Stochastic processes and size distribution

Shelfmark:: S/M.52.8

DOI:: https://doi.org/10.48671/nls.js.AC14446372

15 The conditional distributions have all Pareto tails although the fit is bad ( only 4 values can be used ). The Pareto coefficient is between 3 and 4 la all except the last two wealth classes, where it is very low, and it is 2,68 for the whole income distribution. It appears that the inc >me distribution as a whole is - as far a3 its tail is concerned - decisively influenced by the last two wealth classes. This is due t the fact that n st of the t >p inc ne receivers are in the last iw wealth classes, where the inc me diotributi n is very unequal simply owing to the wide range f wealth in these two classes, as already menti nod bef re In this way the oeculiar result arises that the t tal inc me distributi n is much ra^re unequal than almost all the conditional inc me distributions. This in a way also answers the quest! n which might well be aakeds ;hy the pattern of inc me diotributi n c>uld not be derived fr m the conditional distributions without reference to the wealth distribution. Allometric growth of income and wealth The discussion of the relatione of income and wealth will now be extended t take accoun^of influences in both direc i&ns. The starting point will be the regression of income on wealth which seems to be linear as far as the data go. This might be regarded as a case of allnmetry, in anal gy to a ''law” well known to biologists 1 t Various parts of an organism grow at different but constant rates and as a result the pr portion of their sizes ( on log scale ) remain constant in the growing body. 1 ) Ludwig v -n -^ortalanffy, feneral System The >ry Penguin 19^8 p.63 Devendra Sahal has used the aTT~metric law in combination with the progress funoti>n in order t- explain the Paret distributi) n ( in ne dime .si n ); see A F naulati n f the Paret' Distributi n. US.!, Science ^ontre, 10 0 Berlin 33( mime > ). ■Ala-*- Although the use I am trying to male f the law is different I owe t Devendra Sah.nl 1o have my attention drawn to it.

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