Is the size distribution of income a random walk?

doi:10.1016/0304-4076(90)90117-C

Journal of Econometrics

Volume 43, Issues 1–2, January–February 1990, Pages 213-226

https://doi.org/10.1016/0304-4076(90)90117-C Get rights and content

Abstract

This paper explores the hypothesis that the size distribution of income follows a random walk, models with and without trend are analyzed. Using Current Population Report data we find evidence of such a phenomenon which calls into question our current redistributive policy strategies.

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^☆: The authors would like to thank Richard Porter and Tony Shorrocks for helpful comments. The usual caveat holds.

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Is the size distribution of income a random walk?☆

Abstract

Cyclical impacts on the distribution of income

Queen's University discussion paper no. 130

Macroeconomic activity and income distribution in the post war U.S.

Review of Economics and Statistics

Measuring inequality

Distribution of the estimators for autoregressive time series with a unit root

Journal of the American Statistical Association

Poverty in America: Is welfare the answer or the problem?

Introducing to statistical time series

Variabilità e mutabilità

Macroeconomic conditions income transfers and the trend in poverty

A framework for evaluating the effects of economic growth and transfers on poverty