Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/71445 
Erscheinungsjahr: 
2007
Schriftenreihe/Nr.: 
IFS Working Papers No. 07/08
Verlag: 
Institute for Fiscal Studies (IFS), London
Zusammenfassung: 
Significant departures from log normality are observed in income data, in violation of Gibrat’s law. We identify a new empirical regularity, which is that the distribution of consumption expenditures across households is, within cohorts, closer to log normal than the distribution of income. We explain these empirical results by showing that the logic of Gibrat’s law applies not to total income, but to permanent income and to maginal utility. These findings have important implications for welfare and inequality measurement, aggregation, and econometric model analysis. – Consumption ; Income ; Lognormal ; Inequality ; Gibrat
JEL: 
D3
D12
D91
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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