A Labor Market Equilibrium Model of the Personal Distribution of Earnings

  • 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
Section
Articles