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The paper starts with a brief review of present understanding of income distributions; especially with regard to recent work in the field of econophysics that draws parallels between income, wealth and energy distributions. Examples of alternative energy distributions found in physical systems...
Persistent link: https://www.econbiz.de/10005134958
Two sets of high quality income data are analysed in detail, one set from the UK, one from the USA. It is firstly demonstrated that both a log-normal distribution and a Boltzmann distribution can give very accurate fits to both these data sets. The absence of a power tail in the US data set is...
Persistent link: https://www.econbiz.de/10005135094
We demonstrate the importance of distinguishing between the traditional use of labor for production, versus alternative uses of labor for overhead, marketing and other expansionary activities, for studying the distribution of both factor income and labor income. We use our framework to assess...
Persistent link: https://www.econbiz.de/10012841091
The paper seeks to integrate the theoretical developments in the field of imperfect competition and monopoly, and operation of the firm in such conditions, with the theories of income distribution, particularly among the macroeconomic aggregates of capital and labor. And formulating a working...
Persistent link: https://www.econbiz.de/10011114400
Relative deprivation (RD), also known as relative poverty, an idea implicitly put forward by Adam Smith in The Wealth …
Persistent link: https://www.econbiz.de/10014155344
Labour market dynamics according the individual working hour tension (preferred working hours minus actual working hours) of active people with focus on the self-employed, as professions and entrepreneurs, and employees are investigated in our study. The individual longitudinal analysis based on...
Persistent link: https://www.econbiz.de/10014207261
Persistent link: https://www.econbiz.de/10010231747
Persistent link: https://www.econbiz.de/10015076961
We provide an economic model of an e-commerce retail platform (e.g., Amazon) that offers a fulfillment service (e.g., "Fulfilled By Amazon") to merchants that sell on its platform. We demonstrate that the introduction of such a service generates distributional effects for the platform...
Persistent link: https://www.econbiz.de/10014255537
In his widely discussed book "Fault Lines" (2010), Raghuram Rajan argues that many U.S. consumers have reacted to the decline in their relative permanent incomes since the early 1980s by reducing saving and increasing debt. This has temporarily kept private consumption and thus aggregate demand...
Persistent link: https://www.econbiz.de/10009616515