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A model for microeconomic and macroeconomic development

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Author Info

  • Ivan O. Kitov

    () (Russian Academy of Sciences)

Abstract

A comprehensive study of the personal income distribution (PID) in the USA is carried out. Principal characteristics of the PID in USA are established. A microeconomic model of the personal income distribution and evolution with time is developed. The model balances two processes – individual income earning and dissipation of the income. The model accurately predicts the overall PID and its evolution and fine features of the PID in various age and income groups. The results obtained prove that the observed economic growth is a predetermined process

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File URL: http://www.ecineq.org/milano/WP/ECINEQ2005-05.pdf
File Function: First version, 2005
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Bibliographic Info

Paper provided by ECINEQ, Society for the Study of Economic Inequality in its series Working Papers with number 05.

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Length: 16 pages
Date of creation: Nov 2005
Date of revision:
Handle: RePEc:inq:inqwps:ecineq2005-05

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Related research

Keywords: personal income distribution; microeconomic modeling; real GDP; macroeconomics;

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Cited by:
  1. Ivan O. Kitov, 2007. "Modeling the evolution of Gini coefficient for personal incomes in the USA between 1947 and 2005," Working Papers 67, ECINEQ, Society for the Study of Economic Inequality.
  2. Kitov, Ivan, 2005. "Modelling the transition from a socialist to capitalist economic system," MPRA Paper 2740, University Library of Munich, Germany.
  3. Ivan O. Kitov, 2005. "Evolution of the personal income distribution in the USA: High incomes," Working Papers 02, ECINEQ, Society for the Study of Economic Inequality.
  4. Ivan O. Kitov, 2008. "Modelling the average income dependence on work experience," Papers 0811.0489, arXiv.org.

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