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Top income measurement and undistributed profits

Pablo Gutiérrez C., Ramon Lopez () and Eugenio Figueroa
Authors registered in the RePEc Author Service: Pablo A. Gutiérrez C. ()

Economics Letters, 2015, vol. 134, issue C, 138-140

Abstract: We develop a method that allows transforming retained business profits in a particular year into business-accrued capital gains of the same year. These capital gains thus estimated can be simply added to other sources of personal income of top earners to obtain a consistent measure of their total income.

Keywords: Top income distribution; Undistributed profits; Pareto distribution; Business-accrued capital gains (search for similar items in EconPapers)
JEL-codes: D31 H24 (search for similar items in EconPapers)
Date: 2015
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Working Paper: Top income measurement and undistributed profits (2014) Downloads
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DOI: 10.1016/j.econlet.2015.07.013

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