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2019•Nauchni trudoveRequires access

Income Distribution: Importance, Forms and Link Between Them

Hristo Mavrov

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Abstract

The paper illustrates in the historical context the evolution of the understanding of the importance of income distribution for economic development and also the reasons for underestimating this problem from economic science. Based on a regression analysis for ten OECD countries, a strong correlation between the functional and personal distribution of income has been established. The theoretical justification and modeling of this relationship is a forthcoming task of economic theory.

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What this paper is about

The paper illustrates in the historical context the evolution of the understanding of the importance of income distribution for economic development and also the reasons for underestimating this problem from economic science. Based on a regression analysis for ten OECD countries, a strong correlation between the functional and personal distribution of income has been established. The theoretical justification and modeling of this relationship is a forthcoming task of economic theory.

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Available abstract

The paper illustrates in the historical context the evolution of the understanding of the importance of income distribution for economic development and also the reasons for underestimating this problem from economic science. Based on a regression analysis for ten OECD countries, a strong correlation between the functional and personal distribution of income has been established. The theoretical justification and modeling of this relationship is a forthcoming task of economic theory.

Key concepts: Distribution (mathematics), Income distribution, Context (archaeology), Economics, Personal income, Task (project management), Econometrics, Public economics

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