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The Macro Model of the Inequality Process and The Surging Relative Frequency of Large Wage Incomes

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  • John Angle

Abstract

This paper presents a model of the dynamics of the wage income distribution.

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  • John Angle, 2007. "The Macro Model of the Inequality Process and The Surging Relative Frequency of Large Wage Incomes," Papers 0705.3430, arXiv.org.
    • Handle: RePEc:arx:papers:0705.3430
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    References listed on IDEAS

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    1. Coder, John & Rainwater, Lee & Smeeding, Timothy M, 1989. "Inequality among Children and Elderly in Ten Modern Nations: The United States in an International Context," American Economic Review, American Economic Association, vol. 79(2), pages 320-324, May.
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    4. Jenkins, Stephen P., 1995. "Did the middle class shrink during the 1980s? UK evidence from kernel density estimates," Economics Letters, Elsevier, vol. 49(4), pages 407-413, October.
    5. Arnab Chatterjee & Bikas K. Chakrabarti & Robin B. Stinchcombe, 2005. "Analyzing money distributions in `ideal gas' models of markets," Papers physics/0505047, arXiv.org.
    6. Angle, John, 2006. "The Inequality Process as a wealth maximizing process," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 367(C), pages 388-414.
    7. Jean-Yves Duclos & Joan Esteban & Debraj Ray, 2004. "Polarization: Concepts, Measurement, Estimation," Econometrica, Econometric Society, vol. 72(6), pages 1737-1772, November.
    8. Arnab Chatterjee & Bikas K. Chakrabarti & Robin B. Stinchcombe, 2005. "Master equation for a kinetic model of trading market and its analytic solution," Papers cond-mat/0501413, arXiv.org, revised Aug 2005.
    9. Burkhauser, Richard V. & Amy Crews Cutts & Mary C. Daly & Stephen P. Jenkins, 1999. "Testing the Significance of Income Distribution Changes over the 1980s Business Cycle: A Cross-National Comparison," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 14(3), pages 253-272, May-June.
    10. Beach, Charles M. & Chaykowski, Richard P. & Slotsve, George A., 1997. "Inequality and polarization of male earnings in the United States, 1968-1990," The North American Journal of Economics and Finance, Elsevier, vol. 8(2), pages 135-151.
    11. Daniel H. Weinberg, 1999. "Fifty Years of U.S. Income Data from the Current Population Survey: Alternatives, Trends, and Quality," American Economic Review, American Economic Association, vol. 89(2), pages 18-22, May.
    12. Esteban, Joan & Ray, Debraj, 1999. "Conflict and Distribution," Journal of Economic Theory, Elsevier, vol. 87(2), pages 379-415, August.
    13. Anirban Chakraborti & Bikas K. Chakrabarti, 2000. "Statistical mechanics of money: How saving propensity affects its distribution," Papers cond-mat/0004256, arXiv.org, revised Jun 2000.
    14. Chatterjee, Arnab & K. Chakrabarti, Bikas & Manna, S.S, 2004. "Pareto law in a kinetic model of market with random saving propensity," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 335(1), pages 155-163.
    15. Levy, Frank & Murnane, Richard J, 1992. "U.S. Earnings Levels and Earnings Inequality: A Review of Recent Trends and Proposed Explanations," Journal of Economic Literature, American Economic Association, vol. 30(3), pages 1333-1381, September.
    16. Arnab Chatterjee & Bikas K. Chakrabarti & S. S. Manna, 2003. "Pareto Law in a Kinetic Model of Market with Random Saving Propensity," Papers cond-mat/0301289, arXiv.org, revised Jan 2004.
    17. A. Chakraborti & B.K. Chakrabarti, 2000. "Statistical mechanics of money: how saving propensity affects its distribution," The European Physical Journal B: Condensed Matter and Complex Systems, Springer;EDP Sciences, vol. 17(1), pages 167-170, September.
    18. Katharine L. Bradbury, 1986. "The shrinking middle class," New England Economic Review, Federal Reserve Bank of Boston, issue Sep, pages 41-55.
    19. Arnab Chatterjee & Bikas K. Chakrabarti & S. S. Manna, 2003. "Money in Gas-Like Markets: Gibbs and Pareto Laws," Papers cond-mat/0311227, arXiv.org.
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    Cited by:

    1. John Angle, 2013. "How to Win Acceptance of the Inequality Process as Economics?," IIM Kozhikode Society & Management Review, , vol. 2(2), pages 117-134, July.
    2. Angle, John, 2011. "Socio-Economic Analogues of the Gas Laws (Boyle's and Charles')," MPRA Paper 40125, University Library of Munich, Germany, revised 17 Jul 2012.

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