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A model for microeconomic and macroeconomic development

  • Ivan O. Kitov


    (Russian Academy of Sciences)

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 Function: First version, 2005
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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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