Zeitschrift für Nationalökonomie

, Volume 31, Issue 3–4, pp 389–394 | Cite as

Distribution theory and the Life-Cycle Hypothesis of saving

  • Bertil Näslund
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Abstract

Using some general properties of ensembles of systems the size distribution of scarce resources in society is derived.

Using Keynsian distribution theory and the Life-Cycle Hypothesis of saving the size distribution of income in society is determined.

Specifically the distributive shares going to labor and capital are derived.

It is shown that the results are consistent with empirical data.

Keywords

Economic Theory Empirical Data International Economic General Property Scarce Resource 
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References

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    A. Ando and F. Modigliani: The Life Cycle Hypothesis of Saving: Aggregate Implications and Tests, The American Economic ReviewLIII (1963), pp. 55–84.Google Scholar
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Copyright information

© Springer-Verlag 1971

Authors and Affiliations

  • Bertil Näslund
    • 1
  1. 1.Bertil Näslund, European Institute for Advanced Studies in ManagementBrussels

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