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United States and the evolution of the shape over time. The underlying concept is borrowed from geo-mechanics and thus can be … considered as mechanics of income distribution. The model allows the resolution of empirical and definitional problems associated …
Persistent link: https://www.econbiz.de/10005836753
This is chapter 1 of the book "Economics as Mechanics". It is fully devoted to personal income. A microeconomic model … evolution of the shape over time. The underlying concept is borrowed from geo-mechanics and thus can be considered as mechanics …
Persistent link: https://www.econbiz.de/10014210396
There are extensive literatures within economics and economic psychology on the allocation of household income within the household.  These two literatures are largely disjoint but both use a concept of 'income pooling'.  In economics this refers to the independence of household decisions from...
Persistent link: https://www.econbiz.de/10004999232
This paper deals with the distribution effects from 2000 to 2007 of the tax/benefit systems on net disposable incomes of dependents. The impact is evaluated by adopting the net average tax rates (i.e. income tax plus employees’ social security contributions less cash benefits) as a percentage...
Persistent link: https://www.econbiz.de/10005449472
There are extensive literatures within economics and economic psychology on the allocation of household income within the household. These two literatures are largely disjoint but both use a concept of ‘income pooling’. In economics this refers to the independence of household decisions from...
Persistent link: https://www.econbiz.de/10005543443
The hypothesis is that Pareto and Kaldor-Hicks Efficiency have an aspect of sustainability in relation to inequality. The analysis finds efficient situations reached increasing inequality as diminishing in the long term effective demand in a larger measure than counterbalancing increases thanks...
Persistent link: https://www.econbiz.de/10008540106
Happiness research is on the rise, but is confounded by competing definitions of subjective well-being based on co-existing concepts, resulting in differing measures and giving rise to different potential policy applications. This paper motivates the societal necessity for using well-being...
Persistent link: https://www.econbiz.de/10005078654
Often, religion, law and tradition co-evolve. Religious precepts shape social practice, which translates into law. Yet this harmony is not universal. The Sharia guarantees daughters their share in the family estate. Yet in Pakistan, this rule clashes with tradition. While the country was jointly...
Persistent link: https://www.econbiz.de/10012659964
The average and median income dependence on work experience and time is analyzed and modeled for the USA. The original data set providing the mean and median income estimates in 10 year long intervals spans a long time period of almost 35 years - from 1967 to 2003.A microeconomic model linking...
Persistent link: https://www.econbiz.de/10012734248
A comprehensive study of the personal income distribution (PID) in the USA is carried out. Principal characteristics of the PID in USA are established.A microeconomic model of the personal income distribution and evolution with time is developed. The model balances two processes - individual...
Persistent link: https://www.econbiz.de/10012734249