The Macro Model of the Inequality Process and The Surging Relative Frequency of Large Wage Incomes
John Angle
TL;DR
This paper introduces a macroeconomic model explaining the increasing prevalence of high wage incomes, highlighting the dynamics of wage distribution and its implications for economic inequality.
Contribution
It develops a macro model of wage income distribution dynamics to explain the rising frequency of large wage incomes.
Findings
The model accounts for the surging relative frequency of high wages.
It provides insights into the mechanisms driving wage inequality.
The approach offers a new perspective on income distribution changes.
Abstract
This paper presents a model of the dynamics of the wage income distribution.
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Taxonomy
TopicsEconomic theories and models · Income, Poverty, and Inequality · Economic Theory and Policy