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The Personal Distribution of Income

In: Economic Papers 1941–88

Author

Listed:
  • Josef Steindl

Abstract

When D.G. Champernowne showed how you can explain by means of a stochastic process why the pattern of the Pareto distribution is found with such great regularity in various fields, he very naturally chose as an example the distribution of income because that is the classical case. It seems to me that the approach is more easily applied to firms, towns or wealth. The case of income is the hardest, so that the great pioneering paper (Champernowne, 1953), while fully demonstrating a new method, has not entirely disposed of the special problem to which it was directed.

Suggested Citation

  • Josef Steindl, 1990. "The Personal Distribution of Income," Palgrave Macmillan Books, in: Economic Papers 1941–88, chapter 25, pages 356-370, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-20821-0_25
    DOI: 10.1007/978-1-349-20821-0_25
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