Redistributing Income Through Hierarchy
Fix, Blair.
(2021).
Real-World Economics Review. No. 98. December. pp. 58-86.
(Article - Journal; English).
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Alternative Locations
http://paecon.net/PAEReview/issue98/Fix98.pdf, https://www.econstor.eu/handle/10419/247778
Abstract or Brief Description
Although the determinants of income are complex, the results are surprisingly uniform. To a first approximation, top incomes follow a power-law distribution, and the redistribution of income corresponds to a change in the power-law exponent. Given the messiness of the struggle for resources, why is the outcome so simple?
This paper explores the idea that the (re)distribution of top incomes is uniform because it is shaped by a ubiquitous feature of social life, namely hierarchy. Using a model first developed by Herbert Simon and Harold Lydall, I show that hierarchy can explain the power-law distribution of top incomes, including how income gets redistributed as the rich get richer.
Language
EnglishPublication Type
Article - JournalKeywords
corporation despotism government hierarchy income distribution inequality powerSubject
BN PowerBN Region - North America
BN Business Enterprise
BN Comparative
BN Conflict & Violence
BN Distribution
BN Industrial Organization
BN Institutions
Depositing User
Jonathan NitzanDate Deposited
16 Dec 2021 20:58Last Modified
17 Dec 2021 16:58URL:
https://bnarchives.yorku.ca/id/eprint/723Available Versions of this Item
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Redistributing Income Through Hierarchy. (deposited 24 Oct 2021 14:26)
- Redistributing Income Through Hierarchy. (deposited 16 Dec 2021 20:58) [Currently Displayed]
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