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

24 3 Champernowne was, of course, aware of these facts,as his thesis of 1937 shows (Champernowne 1973).His formalised model of 1953 is,however,not well suited to reflect all the economic factors so well stated in 1937. 4 As far as the other factors,in other words,the explanations of earned income, are concerned, I can only vaguely indicate the direction in which I think a theory might be developped. The high earned incomes accrue to managers,professional people artists and sportsmen. In most cases these people can be ranked in a hierarchy which in the case of managers depends on the scope of their activity,i.e. on the size of the firm,while in the case of the artists and sportsmen what matters is the size of the audience which they serve. The modern media have created ever larger audiences and accordingly greater incomes. A relevant theory of the high earned incomes (and the Pareto distribution is relevant only for them) will have to start from this concept of hierarchies pertaining to scope which gives another interpretation of Champernowne's matrix which,in his own presentation, is more adapted to income formation in a burocratic hierarchy.

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