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Income Distribution: Importance, Forms and Link Between Them

Author

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  • Hristo Mavrov

    () (University of Economics, Varna, Bulgaria)

Abstract

The paper illustrates in the historical context the evolution of the understanding of the importance of income distribution for economic development and also the reasons for underestimating this problem from economic science. Based on a regression analysis for ten OECD countries, a strong correlation between the functional and personal distribution of income has been established. The theoretical justification and modeling of this relationship is a forthcoming task of economic theory.

Suggested Citation

  • Hristo Mavrov, 2019. "Income Distribution: Importance, Forms and Link Between Them," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 5, pages 325-337, December.
  • Handle: RePEc:nwe:natrud:y:2019:i:5:p:325-337
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    File URL: http://unwe-research-papers.org/bg/journalissues/article/10222
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    More about this item

    Keywords

    functional income distribution; personal income distribution; income inequality;

    JEL classification:

    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
    • D33 - Microeconomics - - Distribution - - - Factor Income Distribution

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