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Income Distribution Issues Viewed In A Lifetime Income Perspective

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  • Milton Moss

Abstract

In the June 1977 issue of the American Economic Review extraordinary attention was given to the statistical problem of measuring the effect on inequality in current income arising from differences associated with age. The method adopted by Paglin was severely criticized although everyone recognized the value of Paglin's unusual, if not original, emphasis on the importance of the underlying issue. This paper is not primarily concerned with the statistical problem of correcting data on current income distributions for income‐age differences. It is concerned mainly with the lifetime income perspective itself‐with ways of viewing the long‐term path of persons and of ways of viewing inequalities in that path as they develop within and among different generations. The paper discusses issues of measurement on a birth‐cohort or longitudinal basis, recent trends for selected cohorts, intra‐and inter‐cohort variances in lifetime income, and various policy issues, for example, the equity of the U.S. Social Security System viewed on a lifetime dimension.

Suggested Citation

  • Milton Moss, 1978. "Income Distribution Issues Viewed In A Lifetime Income Perspective," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 24(2), pages 119-136, June.
    • Handle: RePEc:bla:revinw:v:24:y:1978:i:2:p:119-136
    DOI: 10.1111/j.1475-4991.1978.tb00035.x
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    Cited by:

    1. Mark Hauser & Peter Meyer & Urs Oberhänsli, 1983. "Die obligatorische Altersvorsorge in der Schweiz: Rentabilitätsüberlegungen und Einkommensumverteilungsaspekte," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 119(II), pages 147-170, June.
    2. Chernick, Howard & Reschovsky, Andrew, 1997. "Who Pays the Gasoline Tax?," National Tax Journal, National Tax Association;National Tax Journal, vol. 50(2), pages 233-259, June.
    3. Chernick, Howard & Reschovsky, Andrew, 1997. "Who Pays the Gasoline Tax?," National Tax Journal, National Tax Association, vol. 50(2), pages 233-59, June.

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