Arbeitspapier
Redistributing income through hierarchy
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Papers on Capital as Power ; No. 2021/04
- Klassifikation
-
Wirtschaft
General Aggregative Models: Neoclassical
Econometrics
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- Thema
-
corporation
despotism
government
hierarchy
income
distribution
inequality
power
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Fix, Blair
- Ereignis
-
Veröffentlichung
- (wer)
-
Forum on Capital As Power - Toward a New Cosmology of Capitalism
- (wo)
-
s.l.
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Fix, Blair
- Forum on Capital As Power - Toward a New Cosmology of Capitalism
Entstanden
- 2021
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