The Personal Distribution of Income

Josef Steindl

Chapter 25 in Economic Papers 1941–88, 1990, pp 356-370 from Palgrave Macmillan

Abstract: Abstract When D.G. Champernowne showed how you can explain by means of a stochastic process why the pattern of the Pareto distribution is found with such great regularity in various fields, he very naturally chose as an example the distribution of income because that is the classical case. It seems to me that the approach is more easily applied to firms, towns or wealth. The case of income is the hardest, so that the great pioneering paper (Champernowne, 1953), while fully demonstrating a new method, has not entirely disposed of the special problem to which it was directed.

Keywords: Income Distribution; Pareto Distribution; Wealth Distribution; Income Class; Income Transition (search for similar items in EconPapers)
Date: 1990
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DOI: 10.1007/978-1-349-20821-0_25

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