Modelling Income Distribution

Creedy (the New Zealand Treasury) collects 14 previously published papers concerned with modeling income distribution and redistribution. He discusses modeling the functional form of the income distribution using the generalized exponential family of distributions. The influence of macroeconomic variables on personal income distribution is then taken up. Final chapters examine aspects of income redistribution modeling, including the problem of decomposing the redistributive effect of taxation, the redistributive effect on annual and lifetime incomes of direct taxes and a range of transfer payments, and the choice of equivalence scales in the study of households differing in composition. Annotation c. Book News, Inc., Portland, OR (booknews.com)