Paretian Distributions and Income Maximization

Benoît Mandelbrot

The Quarterly Journal of Economics, 1962, vol. 76, issue 1, 57-85

Abstract: I. The empirical distribution of income. Scope of the weak law of Pareto, 58. — II. Scope of the present paper, 59. — III. Linear factor analysis of the rental price of an undissoluble bundle of abilities, 60. — IV. The regions of acceptance of the different offers, 62. — V. The assumption that the factors themselves are Paretian, 64. — VI. The conclusion that the offers accepted from different occupations will be Paretian, with an alpha exponent integral multiple of that of the factors, 68. — VII. The evaluation of the asymptotic Paretian weight of an occupation, 70. — VIII. The behavior of the densities before the Paretian asymptotic range is reached; the log-normal approximation, 72. — IX. Elasticities of the distribution of people among various occupations, 77. — X. A concluding remark concerning regional differences in the value of alpha, 79. — Appendices, 79.

Date: 1962
References: Add references at CitEc
Citations: View citations in EconPapers (31)

Downloads: (external link)
http://hdl.handle.net/10.2307/1891131 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:qjecon:v:76:y:1962:i:1:p:57-85.

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

The Quarterly Journal of Economics is currently edited by Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer and Stefanie Stantcheva

More articles in The Quarterly Journal of Economics from President and Fellows of Harvard College
Bibliographic data for series maintained by Oxford University Press ().