A Labor Market Equilibrium Model of the Personal Distribution of Earnings

John Creedy and Jeanette Lye

Journal of Income Distribution, 1997, vol. 06, issue 1, 7-7

Abstract: A model of the distribution of income is derived from a two market general equilibrium model consisting of a goods market and a labor market. The dynamics of income distributional changes as well as their stationary counterparts are also derived.

Date: 1997
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