Macroeconomic Fluctuations and the Lorenz Curve
In this paper, a new method is forwarded of estimating the effect of short-run macroeconomic fluctuations on concentration in the size distribution of personal income. In particular, the impacts of changes in unemployment and participation rates and in the level of wage and salary income upon the shape of a Lorenz curve are analysed for each of three age groups in the United States. It is found that increases in the participation rate and decreases in the unemployment rate are consistent with an upward shift of the Lorenz curve, while increases in the overall level of wage and salary income have differing effects on the shape of the Lorenz curve depending on the age and the relative position in the income distribution of a group.
|Date of creation:||Oct 1972|
|Contact details of provider:|| Postal: Kingston, Ontario, K7L 3N6|
Phone: (613) 533-2250
Fax: (613) 533-6668
Web page: http://qed.econ.queensu.ca/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Metcalf, Charles E, 1969. "The Size Distribution of Personal Income during the Business Cycle," American Economic Review, American Economic Association, vol. 59(4), pages 657-668, Part I Se.
- Thurow, Lester C, 1970. "Analyzing the American Income Distribution," American Economic Review, American Economic Association, vol. 60(2), pages 261-269, May.
When requesting a correction, please mention this item's handle: RePEc:qed:wpaper:94. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mark Babcock)
If references are entirely missing, you can add them using this form.