A SIMPLE HYPOTHESIS OF INCOME DISTRIBUTIONS,
Abstract
The key assumption of the paper, namely a constant industry wage structure and level across areas, is an approximation. The relevant question is how well the approximation serves for predicting income distribution. The size of the canonical correlation coefficients show that for predicting the distribution of incomes across states the assumption serves quite well. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 1970
- Accession Number
- AD0699922
Entities
People
- Joseph P. Newhouse
Organizations
- RAND Corporation