A Labor Market Equilibrium Model of the Personal Distribution of Earnings

Authors

  • John Creedy
  • J. N. Lye
  • V. L. Martin

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.

Published

1997-06-06

Issue

Volume 6, Number 1: Summer 1997

Section

Articles