Schooling, Ability, Non Pecuniary Rewards, Socioeconomic Background and the Lifetime Distribution of Earnings / Paul J. Taubman.

Format:

Book

Author/Creator:

Taubman, Paul J.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w0017.

NBER working paper series no. w0017

Language:

English

Subjects (All):

Learning ability.

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1973.

Cambridge, Mass. : National Bureau of Economic Research, 1973.

Summary:

Inequality in income or earnings is the most indisputable fact about the distribution of income. Inequality in income distribution occurs in most political and economic models and has from ancient times to the modern era. Society and government have expressed a desire to establish a minimum floor for members of society -- though the level of the floor and the means of achieving it are matters of debate. Besides a direct interest in the questions of the sources of inequality, how to achieve income redistribution, and the efficacy of various policy tools, economists are also concerned with establishing how various labor markets operate, how rational individuals are, and how important are individual effort , chance, and predestination. Economists have constructed various theories that purport to explain income distribution. Some aspects of these theories have been tested against empirical observations. This study will extend the range of such tests. In addition, we will generate some new facts that a complete theory should be able to explain.

Notes:

Print version record

November 1973.

Includes bibliographical references.