Book Chapter
A Labor Market Equilibrium Model of the Personal Distribution of Earnings
John Creedy, JN Lye, VL Martin
Modelling Income Distribution | Journal of Income Distribution | York University Libraries | Published : 1997
Abstract
A model of the distribution of income is derived from a two market general equilibrium model consisting of a goods market and a labor market. The dynamics of income distributional changes as well as their stationary counterparts are also derived.