Earnings Distribution and Inequality over Time: Education versus Relative Position and Cohort

Naosumi Atoda and Toshiaki Tachibanaki

International Economic Review, 1991, vol. 32, issue 2, 475-89

Abstract: This paper constructs a theoretical model for analyzing the earnings distribution over time and provides an estimation procedure for the inequality of earnings over time. The theoretical model incorporates Gibrat's so-called "law of proportionate effect," Galton's "regression toward the mean," and serial correlation of the error terms, under the condition that the density function of earnings for each age-cohort in Japan is distributed as log-logistic. An emphasis is placed upon comparison of the influence of the relative position in the distribution with the influence of education on earnings. Finally, the coefficients of variation over time are presented. Copyright 1991 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.

Date: 1991
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