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  • Blackwell Publishing Ltd  (2,092)
  • 1970-1974  (2,092)
  • 1930-1934
  • 1970  (2,092)
  • 1
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 16 (1970), S. 0 
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper introduces two special issues of the Review devoted to income distribution theory and its empirical implementation. Most of the papers that will appear in these two issues were prepared for a special session on income distribution held during the Eleventh General Conference of the International Association for Research in Income and Wealth, held at Nathanya, Israel, in August 1969. The present issue contains theoretical papers; the following one will present more empirical work. This introductory paper is intended to indicate the relationships among the papers that follow, and to suggest possible future directions for work in this area. In the latter connection, the author discusses the use of microanalytic models applied to microdata sets dealing with individuals and households.
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  • 2
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 16 (1970), S. 0 
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: A positive theory of income distribution based on assumptions concerning the supply of and demand for each type of productive service is presented. The demand function of the organizers of production may be derived from the maximization of profits with the income scale and the production function as restrictions. A normative theory based on the maximization of a social utility or welfare function is also considered. In the normative theory, production functions and balance equations (some representing compartmentalization of factor markets) are introduced as restrictions and again an income scale results, this time maximizing social welfare. Empirical testing is also considered. The positive theory was developed in part to take into consideration the fact that personal income distributions can reasonably well be described by log normal distributions, and that skill parameters are often normally distributed. Limited testing of the influence of wealth, intelligence, education, and sex suggest that these account for only a small part of the variance in the income distribution. This suggests the need for further research.
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  • 3
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 16 (1970), S. 0 
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper reports on a study designed to improve the information on income flows and income distribution in the Netherlands national accounts by building a bridge between the national accounts and income tax statistics. The methods used are described in some detail, and the significance of the results obtained is discussed. The figures show rather substantial fluctuations in the share of proprietors relative to that of wage earners. This result is not unexpected, since the share of proprietors is much more sensitive to the level of economic activity, but it does limit the usefulness of the figures for short-run economic policy determination. In the longer run, however, they do show what the development of the average incomes of the various social groups has been, and to what extent government action has contributed to that development.
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  • 4
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 16 (1970), S. 0 
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Has economic growth in developing countries led to increasing inequality in the size distribution of income? Following a brief review of the advantages and deficiencies of several traditional measures of income distribution, the author examines the evidence from Puerto Rico, Argentina, and Mexico in recent years. The findings suggest that the income shares received by the lower half and by the top 5 per cent of families in Puerto Rico and Mexico have declined from 1950 to 1963, while the income shares received by the bottom nine deciles of families in Argentina have also fallen during the same period. The rising Gini ratio and standard deviation of the logs of income, both indicating greater inequality, contrast with a declining coefficient of variation for all three countries.More detailed sectoral distributions for each year reveal greater equality within agriculture than non-agriculture for Puerto Rico and Mexico, while Argentina and the United States demonstrate less equality within agriculture. The trends in the countrywide distributions are consistent with the observation of the increasing differential between sectors, the increasing weight of the more unequal sector, and the increasing level of inequality within both sectors. These trends, however, are qualified by the particular set of measures which are applied to the data. Finally, the author speculates on possible explainations for these trends in terms of changes in the crop and industry mix.
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  • 5
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 16 (1970), S. 0 
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This article presents the results of a study of distributions of wage rates in approximately 250 trades, comprising 225,000 workers, in Copenhagen in the second quarter of 1951. It examines particularly the effects of heterogeneity within trades and aggregation upon the resulting distributions, both for individual trades and for all trades combined. Separate distributions are studied for men and women, for skilled and unskilled, and for three types of institutional wage payment systems.
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  • 6
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 16 (1970), S. 0 
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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  • 7
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 16 (1970), S. 0 
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper, the first of a two-part series, surveys the literature in the field of income and wage distributions. The author divides work in this area into two schools: the theoretic-statistical school, and the socio-logical school. Within each of these groups he reviews leading contributions. He then examines the work of Tinbergen, which, the author feels, fits into neither of the older classifications; rather, Tinbergen approaches the distribution of income as a problem in analyzing the supply of and demand for various attributes, such as intelligence, physical strength, ability to get along with people, etc. In conclusion, the author points out areas which he feels need further work. The paper is based upon the author's book in Danish, Indkomst-og lonfordelinger.
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  • 8
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 16 (1970), S. 0 
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Capital gains are an important source of personal income in the United States but they are not included in the national accounts or the official estimate of personal income and saving. Individuals report their realized gains for tax purposes but the economic theorist would include both realized and accrued gains in income. National income theorists continue to debate whether capital gains should be included in income but, because of the many conceptual and statistical problems involved in estimating capital gains, no satisfactory estimates have been developed. Consequently, the debate has stayed mainly at the theoretical level. This paper deals with the methodology of estimating accrued capital gains. A simple analytical model is developed to estimate capital gains from data on market value and net acquisitions of an asset but the model can be adapted to incorporate asset prices directly. It is shown that the methods used for estimating accrued gains in the past are special cases of the model proposed in the paper. The model is then used for estimating gains accruing to individuals in the United States on their holdings of corporate stock, real estate and livestock during 1948–1964.During this period accrued gains have amounted to roughly five times the realized gains reported for tax purposes; corporate stock and real estate are the most important sources of capital gains and corporate stock accounts for almost two-thirds of all accrued gains. The paper goes on to examine the implications of these estimates for the existing series on personal income and saving in the United States. The inclusion of accrued gains would increase the variance in the official estimates but personal saving is affected more than personal income. The paper concludes with an evaluation of these results and some suggestions for further research.
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  • 9
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 16 (1970), S. 0 
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: In both political discussions and scientific literature the income distribution has come to occupy a central position for the consideration of social welfare and economic equalization. It has been assumed that an individual's income reflects his consumption opportunities and therefore his standard of living or economic welfare. The thesis of this paper is, however, that there are reasons for being quite pessimistic about drawing meaningful conclusions from income distribution data. As illustrated by the use of Swedish data, the distribution of income gives an extremely incomplete picture of the distribution of consumption for a wide variety of definitional and statistical reasons. The distribution of consumption, furthermore, cannot be transformed into a corresponding distribution of welfare, since there is no well defined concept of welfare. The treatment of public consumption in empirical analysis of the distribution of welfare also raises problems. The paper closes with the presentation of the conceptual basis for an alternative to the traditional method of analyzing the distribution of income.
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  • 10
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 16 (1970), S. 0 
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: There are serious questions about the social costs and benefits of extending the role of prices in the national accounts. The costs may be greater, and the benefits smaller, than is commonly supposed. Many important uses of price (and other) data do not require that these data be organized within an elaborate—or even any—framework of national accounts. Also, the basic price (and other) data are still too often very scanty and rough. Would it not be better to devote available resources to improving these data rather than trying to force them, prematurely, into an elaborated set of national accounts?
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