Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/247778 
Autor:innen: 
Erscheinungsjahr: 
2021
Quellenangabe: 
[Journal:] Real-World Economics Review [ISSN:] 1755-9472 [Issue:] 98 [Publisher:] World Economics Association [Place:] Bristol [Year:] 2021 [Pages:] 58-86
Verlag: 
World Economics Association, Bristol
Zusammenfassung: 
Although the determinants of income are complex, the results are surprisingly uniform. To a first approximation, top incomes follow a power-law distribution, and the redistribution of income corresponds to a change in the power-law exponent. Given the messiness of the struggle for resources, why is the outcome so simple? This paper explores the idea that the (re)distribution of top incomes is uniform because it is shaped by a ubiquitous feature of social life, namely hierarchy. Using a model first developed by Herbert Simon and Harold Lydall, I show that hierarchy can explain the power-law distribution of top incomes, including how income gets redistributed as the rich get richer.
Schlagwörter: 
corporation
despotism
government
hierarchy
income distribution
inequality
power
JEL: 
P16
G3
L1
L2
D3
Creative-Commons-Lizenz: 
cc-by-nc-nd Logo
Dokumentart: 
Article
Dokumentversion: 
Published Version

Datei(en):
Datei
Größe





Publikationen in EconStor sind urheberrechtlich geschützt.