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Economic interactions and the distribution of wealth
wealth distribution incomplete markets earnings distribution capital income taxation productivity shocks portfolio diversification
2010/11/1
This paper analyzes the equilibriumdistribution ofwealth in an economywhere firms’productivities are subject to idiosyncratic shocks, returns on factors are determined
in competitivemarkets, dynastie...
Consumer Expenditure Distribution in India, 1983-2007: Evidence of a Long Pareto Tail
Consumer Expenditure Lognormal distribution Pareto distribution Gini coefficient
2010/11/3
This work presents a comprehensive study of the evolution of the expenditure distribution in In-dia. The consumption process is theoretically modeled based on certain physical assumptions. The propose...
A microeconomic model is developed, which accurately predicts the shape of personal income
distribution (PID) in the United States and the evolution of the shape over time. The underlying concept is ...