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, mit handschriftlichen Ergänzungen bei mathematischen Formeln

Year of publication:: 1990

Source material date:: [vermutlich um 1990]

Language:: English

Related work:: Steindl, Josef: The Personal Distribution of Income. In: Steindl, Josef: Economic Papers 1941-88. London: Macmillan, 1990, S. 356-371

Shelfmark:: S/M.52.11

Access:: Free access

23 understand and interpret the empirical joint distributions of income and wealth. For this purpose one would no doubt require data which are more conveniently arranged than the published material used above, and for this reason alone it would go beyond the modest scope of this paper. Footnotes. 1 The difficulties arising from the discrete representation of a continuous income variable (Cramer,1969,p.62)in the matrix need not concern us here.They do not exist since we relate the classes of the matrix to rank in a hierarchy. 2 Champernowne apparently did not know Yule's paper. It was Simon's merit to have brought it to the attention of economists.Unfortunately he used it in a form which obscured its essence which is the interplay of two exponential,or geometrical,distributions resulting from two stochastic processes. A very different approach to the Pareto law has been proposed by D.Sahal (1978) who connected it with the progress function and with the allometric law (the relation between the growth rates of different parts of an organism).

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