Volltext: The Personal Distribution of Income

5a 
Th^ose few units which survive for good continue to grow; on the 
other end of. the scale new entrants/enlarge the total sample 
of firms or wealthy' dynasties. The continuance of the steady am 
state with unchanged distribution is accompanied by a steadily 
growing size of the sample whidh produces ever larger firms, 
wealth holdings etc. These large units always existed potentially 
but could not be realised a± as long as the sample was too small; 
with the growth of the economy such potential sizes become actual 
and in consequence the largest units represent a greater and greater 
shaa*e of the total although the theoretical distribution is 
unchanged. With the finite life and the stable population 
of Champernowne 1 s model this peculiar form of growing inequality 
M 
would not arise. 
Further developments 
We may consider the following stages in the treatment of the 
income distribution: 
I. Champernowne 1 s Model. 
II. Rutherford^ model /I9/. He treated person’s life-times explicitly. 
III. The above models are open to criticism]* on two grounds: 
First, income is not very suitable as a state variable 
for a Markov process. It does not embody the "influence
	        

Nutzerhinweis

Sehr geehrte Benutzerin, sehr geehrter Benutzer,

aufgrund der aktuellen Entwicklungen in der Webtechnologie, die im Goobi viewer verwendet wird, unterstützt die Software den von Ihnen verwendeten Browser nicht mehr.

Bitte benutzen Sie einen der folgenden Browser, um diese Seite korrekt darstellen zu können.

Vielen Dank für Ihr Verständnis.