Is the Size Distribution of Income Stationary?

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.

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Authors:	Rothman, Philip
Institutions:	Department of Economics, East Carolina University

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Classification:	C22 - Time-Series Models ; D31 - Personal Income, Wealth and Their Distributions
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005623680