Konvolut The Personal Distribution of Income 2

Steindl, Josef

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Document type:: Works

Collection:: Josef Steindl Collection

Title:: Konvolut The Personal Distribution of Income 2

Author:: Steindl, Josef

Scope:: 51 Blätter. Konvolut aus handschriftlichen und maschinengeschriebenen Blättern

Year of publication:: 1972

Source material date:: August-September 1972

Language:: German English

Note:: Titel fingiert. Das Konvolut umfasst ein 20 seitiges Typoskript des Artikels "The Personal Distribution of Income" von August/September 1972 mit zahlreichen handschrifltichen Anmerkungen und Anstreichungen; einen Anhang mit Tabellen zur Einkommensverteilung in Schweden, sowie weitere Blätter mit handschriftlichen Texten, Formeln, Tabellen und Diagrammen.

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

JEL Classification:: D31 [Personal Income, Wealth, and Their Distributions]

Shelfmark:: S/M.10.1

Access:: Free access

20 q"'(y) - l"(w) * f (/Cw - y ) (11) How can this series of transformations square so as to produce a steady state of the joint distribution? •‘•'o explain this we have to separate income at least theoretically into earned and unearned income. T he distribution of earned income has to be regarded as given from outside; its explanation has to be sought separately; empirically at any rate it is a Pardto distribution. It may be regarded as constant in the simplest case. From it flows the continuing primary accumulation which contributes to the accumulation of existing wealth holders and also creates new wealth holders ( a kind of social mobility ). This wealth then creates property income and secundary accumulation. The process leads from a relatively moderate inquality of earned income to more unequal primary wealth, and even more unequal secundary wealth. -*-n this way wa can imagine that total income and total wealth will grow at constant rates. The corresponding allometric proportion does not appear directly in the cross-section where instead appear the two regression lines which are neither of them a reliable estimate of the ratio of the two Par&to coefficients. Can this be regarded ad the reason why the attempt at empirical verification of equation (ff) on the basis of Swedish and -^uich data lead to unsatisfactory results?

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