Personal Income Distribution
Personal Income Distribution

Author: J.A. Hartog

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 225

ISBN-13: 9400987609

DOWNLOAD EBOOK

Het is mogelijk dat het orimogelijk is om iets nieuwer enjuister te zeggen, maar over al het geschrevene daalt het stof der tijden neer, en ik peins daarom dat het goed is als er om de 10 jaar een andere een kruis trekt over al die oude dingen, en de wereld-van-vandaag opnieuw uitspreekt 1 met andere woorden.-Louis Paul Boon (1972) 1.1 THE PROBLEM The distribution of labor incomes is a problem with two aspects, each of which has received ample attention in the literature. The first aspect relates to the shape of the frequency distribution of individuals according to their (labor) incomes. Analytical contributions include the so-called stochastic theories of income dis tribution, such as Gibrat's law of proportionate effect, Champernowne's and Rutherford's Markov-chain models, and Pigou's puzzle. The question is, If abil ities are normally distributed, why should the distribution of incomes deviate from this shape? This deviation is the basic fact that these theories explain: in come distributions, whatever the time and place of observation, are positively skewed. 2 CHAPTER 1 The second aspect of the distribution of labor incomes is the problem of wage differentials: why do wages differ, why do all workers not earn the same wage? This question has been a standard problem ever since Adam Smith dealt with it.

Human Capital
Human Capital

Author: Gary S. Becker

Publisher:

Published: 2009

Total Pages: 0

ISBN-13:

DOWNLOAD EBOOK

A diverse array of factors may influence both earnings and consumption; however, this work primarily focuses on the impact of investments in human capital upon an individual's potential earnings and psychic income. For this study, investments in human capital include such factors as educational level, on-the-job skills training, health care, migration, and consideration of issues regarding regional prices and income. Taking into account varying cultures and political regimes, the research indicates that economic earnings tend to be positively correlated to education and skill level. Additionally, studies indicate an inverse correlation between education and unemployment. Presents a theoretical overview of the types of human capital and the impact of investment in human capital on earnings and rates of return. Then utilizes empirical data and research to analyze the theoretical issues related to investment in human capital, specifically formal education. Considered are such issues as costs and returns of investments, and social and private gains of individuals. The research compares and contrasts these factors based upon both education and skill level. Areas of future research are identified, including further analysis of issues regarding social gains and differing levels of success across different regions and countries. (AKP).

The Personal Distribution of Incomes (Routledge Revivals)
The Personal Distribution of Incomes (Routledge Revivals)

Author: A. B. Atkinson

Publisher: Routledge

Published: 2013-12-19

Total Pages: 298

ISBN-13: 1317816919

DOWNLOAD EBOOK

First published in 1976, the essays in this volume are concerned with the distribution of income and wealth. The papers were first presented at the Royal Economic Society’s conference in 1974, which examined the evidence concerning the personal distribution of earnings, compared the distributions apparent in different periods and societies, and studied the association between personal attributes and income. The contributions, from internationally-renowned authors, reflect these areas, and address the questions surrounding inequality, the taxation of wealth and capital transfers that remain relevant in twenty-first century society.