SIZE DISTRIBUTION OF WORKERS' HOUSEIIOLD INCOME AND MACROECONOMIC ACTIVITIES IN JAPAN: 1963–88

Osamu Yoshino

Review of Income and Wealth, 1993, vol. 39, issue 4, 387-402

Abstract: An attempt is made to examine empirically the relationship between the size distribution of workers' household incomes and the variables expressing macroeconomic activities. As a preliminary implementation, the income shares are first estimated by decile groups and several subdivided top income groups. Applying Blinder and Esaki's regression approach to the estimated data, the ratio of job offers to applicants, inflation rate, and the terms of trade arc found to significantly affect the distribution. Of these variables, the terms of trade should be taken into account to ascertain precisely the income distribution in Japan where foreign trade heavily affects economic conditions.

Date: 1993
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