By Bertil Näslund (auth.)
The uncomplicated notion at the back of this booklet is that during a industry economic system there's never-ending style, humans die and are born, new items and tactics emerge and previous ones disappear and so forth. a few enterprises develop others decline. a few humans get excessive salaries others get unemployed. possibilities, mess ups and features are to a wide volume random. An economic climate has a certain quantity of assets to divide between its contributors. those assets could range over the years however the price of swap is reasonably small. The variety of folks in society can also fluctuate however the fee of switch is restricted. For a society comparable to the single defined above i used to be drawn to deriving equilibrium distributions of assorted forms and make a few exams of the distributions discovered opposed to facts for various nations. i've got studied the next sorts of distributions a) source of revenue distribution b) sensible distribution of source of revenue c) dimension distributions of corporations. because the above pointed out distributions are similar; one other major objective of the ebook has been to advance the same process for the research of all 3 distributions so as to simplify the knowledge in their relations.
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Additional resources for An Analysis of Economic Size Distributions
The data used are not very accurate and some rather strong deviances 1921-22, 1930 and 1941 are not unreasonable to expect. These years may also reflect certain circumstances (depression and war) which should be further investigated. On the whole we get values of 13 that are somewhat too low for the years that we have empirical data. 5 which would then improve the fit. 1) Average consumption 1952/53 is obtained from [32J. For 1955/56 average consum~tion is extrapolated using data for 1951/52; 1952/53 [58J, L32].
At present there are two major lines of thought, namely marginal productivity theory and savings-investment theory. 1) where A(t) is a function of time (which may represent technical progress), Kt and Nt are capital and labor respectively at time t. 5 ) . 6) L If we use the capital and labor elasticities of output a and B respectively defined as ~ Cl = aKt . Kt ~ aF aN . 7l If a and S are constant then the distribution of income between capital and labor will also be constant. The marginal productivity theory of distribution is currently much debated mainly because of Sraffas [90J book.
X·l. -a which is independent of N and K. 1) 1) This appendix has previously been discussed in Naslund [§9]. CHAPTER 3 SIZE DISTRIBUTIONS OF INCOME Introduction The literature on the size distribution of income is very large. It has long been recognized that the distribution of income looks basically the same in different countries and in the same country over time. This fact has naturally stimulated the efforts to find an explanation for its form. All attempts to explain the curve from a detailed account of those factors that seem important on a micro-level have failed.