An understanding of the origins of earnings distribution is of central importance for any public policy which has the aim of combating economic inequality. This book tries to provide some theoretical foundations that could serve as a rational basis for such policies. The approach, strongly influenced by human capital theory, is especially novel in that it permits individual analyses at three interconnecting levels of aggregation using the same basic microeconomic model: the level of the overall earnings distribution across all age groups; and the distribution of lifetime earnings. The analysis demonstrates the interdependence between age composition, inequality, and public distribution policy. It provides economic interpretations of empirical findings and identifies several policy conflicts. It also addresses the question of how differences between individuals are transformed into income differences.
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Text: English (translation)
Original Language: German
Original Language: German
Book Description
An understanding of the origins of earnings distributions is of central importance for any public policy which has the aim of combating economic inequality. The aim of this book is to provide a satisfactory theoretical foundation which could serve as the rational basis for such policies.
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Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Inside This Book
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First Sentence:
A large number of empirical studies of the distribution of earnings, i.e. individual earnings within a given economic system over a specific period (generally one year), have shown that the observed distribution can be represented by a log-normal curve as a first approximation. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
theoretical parameter restrictions, human capital unit, lifetime earnings distribution, basic education phase, income change factors, capital accumulation abilities, earnings phase, standard parameter set, optimising reactions, public pricing policies, disposable earnings, schooling phase, post inequality, schooling efficiency, comparative dynamic analysis, substitutional relationship, optimisation behaviour, inequality contribution, practical job experience, economic birth, capital depreciation rate, birth growth rate, human capital production, combating inequality, optimising behaviour Key Phrases - Capitalized Phrases (CAPs): (learn more)
Central Limit Theorem, Phelps Brown New!
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Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
A large number of empirical studies of the distribution of earnings, i.e. individual earnings within a given economic system over a specific period (generally one year), have shown that the observed distribution can be represented by a log-normal curve as a first approximation. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
theoretical parameter restrictions, human capital unit, lifetime earnings distribution, basic education phase, income change factors, capital accumulation abilities, earnings phase, standard parameter set, optimising reactions, public pricing policies, disposable earnings, schooling phase, post inequality, schooling efficiency, comparative dynamic analysis, substitutional relationship, optimisation behaviour, inequality contribution, practical job experience, economic birth, capital depreciation rate, birth growth rate, human capital production, combating inequality, optimising behaviour Key Phrases - Capitalized Phrases (CAPs): (learn more)
Central Limit Theorem, Phelps Brown New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Citations (learn more)
This book cites 35
books:
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- The Principles of Political Economy (Everyman's Library) by Ricardo in Back Matter
- The Algebra of Random Variables (Probability & Mathematical Statistics) by Melvin D. Springer in Back Matter
- Income Distribution and Economic Inequality by Zvi Griliches in Back Matter
- Dynamic Optimization: The Calculus of Variations and Optimal Control in Economics and Management (Advanced Textbooks in Economics) by Morton I. Kamien in Back Matter
- Measuring Inequality (Lse Handbooks in Economics Series) by Frank Cowell in Back Matter
See all 35 books this book cites
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