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...

This study assumes that a regulative authority imposes hybrid goal functions to the economy. Then, firms' behavior and economic growth occur with the help of that function. In the light of this assumption, the first aim of this paper is to show that a firm's objective function cannot be only...

This paper reports on the current status of the microeconomic research on labor supply behavior. The purpose is to direct attention to microeconomic research that may be helpful in the continuing evaluation of aggregate models designed to explain the dynamic behavior of wages, employment and...

Interest in economics is at an all-time high. Americans are debating the proper role of the government in company bailouts the effectiveness of tax cuts versus increased government spending to stimulate the economy, & potential effects of deflation

This paper reports on the current status of the microeconomic research on labor supply behavior. The purpose is to direct attention to microeconomic research that may be helpful in the continuing evaluation of aggregate models designed to explain the dynamic behavior of wages, employment and...