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Modeling the evolution of age-dependent Gini coefficient for personal incomes in the U.S. between 1967 and 2005

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  • Kitov, Ivan

Abstract

This study validates the microeconomic model defining the evolution of personal incomes in the U.S. Because of a large portion of population not reporting any income, any comprehensive modeling of the overall personal income distribution (PID) is complicated. Age-dependent PIDs allow overcoming this shortcoming since the portion of population without income is very low (

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 10107.

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Date of creation: 20 Aug 2008
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Handle: RePEc:pra:mprapa:10107

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Keywords: Gini coefficient; personal income distribution; age; mean income; microeconomic modelling; USA; real GDP; macroeconomics;

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  1. 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.
  2. Neal, Derek & Rosen, Sherwin, 2000. "Theories of the distribution of earnings," Handbook of Income Distribution, in: A.B. Atkinson & F. Bourguignon (ed.), Handbook of Income Distribution, edition 1, volume 1, chapter 7, pages 379-427 Elsevier.
  3. Ivan O. Kitov, 2006. "Modelling the age-dependent personal income distribution in the USA," Working Papers 17, ECINEQ, Society for the Study of Economic Inequality.
  4. Kitov, Ivan, 2007. "Comparison of personal income inequality estimates based on data from the IRS and Census Bureau," MPRA Paper 5372, University Library of Munich, Germany.
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Cited by:
  1. Kitov, Ivan & Kitov, Oleg, 2013. "The dynamics of personal income distribution and inequality in the United States," MPRA Paper 48649, University Library of Munich, Germany.
  2. Ivan O. KITOV, 2009. "The Evolution Of Real Gdp Per Capita In Developed Countries," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 4(2(8)_ Sum).

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