Dieses Buch betrachtet die Entwicklung der funktionalen und personellen Einkommensverteilung und deren Verortung im Feld der Wirtschaftswissenschaften im Zeitablauf. Zunächst werden die gängigen theoretischen Erklärungsansätze zur funktionalen und zur personellen Einkommensverteilung...

This paper investigates the asymptotic properties of the Gaussian quasi-maximum-likelihood estimators (QMLE?s) of the GARCH model augmented by including an additional explanatory variable - the so-called GARCH-X model. The additional covariate is allowed to exhibit any degree of persistence as...

This paper reviews five striking facts about inequality across countries. As Kuznets (1955) famouslyfirst documented, inequality first rises and then falls with income. More unequal societies are muchless likely to have democracies or governments that respect property rights. Unequal societies...

There has been a large number of studies in which the scientists have built models for income distributions. As an alternative, some have built models for Lorenz curves. The step from Lorenz curve to distribution function is more difficult than the step from distribution function to Lorenz...