Full text: Konvolut Wealth and Income Distribution 3

to pm 9 (footnote) 
^r.:o relation (5) nay haw applications in 
■ contexts as well. Thus the distributor 
results front''a convolution of the accumulation of 
previous generations with the accumulation of the 
living Generation /13/* Denote the accumulation of 
previous generations by Wj and the total accumulation 
by W * both manured on the log acolo* She accumulation 
of Mae living is W-W, « r Tt where r is the rate of 
accumulation and 3* the "spent life* of the living wealth 
owners, reckoned from the tine of their inheritance* If 
we mgr regard ^ 0§4f * the distribution of the ope n 
life time -. (telescoped by r) as independent of the: Inher 
ited wealth V, we can write for the density of the total 
. wealth distribution q(*.): 
<}M a d' * 
R f /( —, ) 
J-oo 
.oCl 
d i 
e 
dtf 
where 
Cx) 
/ 
is t! 
W3 
tumnarmm of 
variable- replaced by 
j ^ ■. / 
> 0. 
The'wealth will conform to the Pareto law with coefficien 
cC % and wo do not need to assume anything about the 
distribution of the spent-life time, except that it is in- 
of inherited wealth*
	        
Waiting...

Note to user

Dear user,

In response to current developments in the web technology used by the Goobi viewer, the software no longer supports your browser.

Please use one of the following browsers to display this page correctly.

Thank you.