The Distribution of Wealth After a Model of Wold and Whittle

Josef Steindl

Chapter 24 in Economic Papers 1941–88, 1990, pp 328-355 from Palgrave Macmillan

Abstract: Abstract Available data show that the pattern of the distribution of wealth conforms to the well-known Pareto law. Why this should be so was explained by Wold and Whittle (1957) who used a comparatively simple stochastic model for the purpose. The following paper builds on this work. By removing certain simplifications it may gain some additional insights.

Keywords: Birth Interval; Wealth Distribution; Renewal Theory; Past Generation; Property Holder (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-20821-0_24

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DOI: 10.1007/978-1-349-20821-0_24

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