A model for microeconomic and macroeconomic development

Ivan Kitov

No 5, Working Papers from ECINEQ, Society for the Study of Economic Inequality

Abstract: A comprehensive study of the personal income distribution (PID) in the USA is carried out. Principal characteristics of the PID in USA are established. A microeconomic model of the personal income distribution and evolution with time is developed. The model balances two processes – individual income earning and dissipation of the income. The model accurately predicts the overall PID and its evolution and fine features of the PID in various age and income groups. The results obtained prove that the observed economic growth is a predetermined process

Keywords: personal income distribution; microeconomic modeling; real GDP; macroeconomics (search for similar items in EconPapers)
JEL-codes: D01 D31 E17 J1 O12 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2005-11
New Economics Papers: this item is included in nep-mac
References: View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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