Is the Size Distribution of Income Stationary?
Philip Rothman ()
Working Papers from East Carolina University, Department of Economics
Abstract:
It has recently been argued that the U.S. size distribution of income follows a pure random walk. Further testing shows that this result is not robust, questioning the conclusion that public policies shift the distribution of income in only a random fashion. It does not follow from the time series analysis, however, that current redistribution schemes are either efficient or effective.
JEL-codes: C22 D31 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:wop:eacaec:9615
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