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The Variability in the Distribution of Wealth and Income

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  • Warren M. Persons

Abstract

There is no generally accepted method of measuring the concentration of wealth, 416.—The methods of Lorenz, 417, Pareto, 419, and Watkins, 427, explained and analyzed.—The coefficient of variability, as used by statistical biologists; suggested as a good measure, 429.—Application of that measure to income statistics, 436, and to wealth statistics of Massachusetts, France, and the United Kingdom, 440.—Conclusion, and summary of the features of the different measures of variability, 447.

Suggested Citation

  • Warren M. Persons, 1909. "The Variability in the Distribution of Wealth and Income," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 23(3), pages 416-449.
    • Handle: RePEc:oup:qjecon:v:23:y:1909:i:3:p:416-449.
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    File URL: http://hdl.handle.net/10.2307/1884773
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    Cited by:

    1. Joseph Persky, 1992. "Retrospectives: Pareto's Law," Journal of Economic Perspectives, American Economic Association, vol. 6(2), pages 181-192, Spring.
    2. Pennerstorfer, Dieter & Schindler, Nora & Weiss, Christoph R. & Yontcheva, Biliana, 2020. "Income inequality and product variety: Empirical evidence," DICE Discussion Papers 353, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    3. Farah Pirouz & Jeenesh Manga & Johannes W. Fedderke, 2004. "Challenging Cassandra: Household and Per Capita Household Income Distribution in the October Household Surveys 1995-1999, Income and Expenditure Surveys 1995 & 2000, and the Labour Force Survey 2000," Working Papers 013, Economic Research Southern Africa.
    4. Laurent Derobert & Guillaume Thieriot, 2003. "The Lorenz curve as an archetype: A historico-epistemological study," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 10(4), pages 573-585.

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