We offer a brief review of the use of distributional mixture models with a finite number of components for the study of the distribution of income. In general, finite mixture models find a number of applications across fields, but they usually arise from theoretical considerations. Application...

The persistent correlations between income and mortality, and inequality and mortality in the US is well established. It has been demonstrated with various empirical models at different levels of analysis. However, there is no consensus on the relevant confounding factors or even the functional...

This paper offers a two-pronged critique of the empirical investigation of the income distribution performed by physicists over the past decade. Their finding rely on the graphical analysis of the observed distribution of normalized incomes. Two central observations lead to the conclusion that...

In this update to an earlier analysis using BMA, I consider both a wider variety and some recoded plausible controls that might affect the observed relationship between income and mortality, and inequality and mortality. I also suggest that the much of the empirical investigation of inequality...

The persistent correlations between income and mortality, and inequality and mortality in the US are well established. It has been demonstrated with various empirical models at different levels of analysis. However, there is no consensus on the relevant confounding factors or even the functional...

In this paper, we introduce a twofold role for the public sector in the Goodwin (1967) model of the growth cycle. The government collects income taxes in order to: (a) invest in infrastructure capital, which directly affects the production possibilities of the economy; (b) finance publicly...