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Is the Size Distribution of Income Stationary?

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  • Philip Rothman

Abstract

It has recently been argued that the U.S. size distribution of income follows a pure random walk. Further testing shows that this result is not robust, questioning the conclusion that public policies shift the distribution of income in only a random fashion. It does not follow from the time series analysis, however, that current redistribution schemes are either efficient or effective.

Suggested Citation

  • Philip Rothman, "undated". "Is the Size Distribution of Income Stationary?," Working Papers 9615, East Carolina University, Department of Economics.
    • Handle: RePEc:wop:eacaec:9615
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    More about this item

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution

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