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.
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Näslund, B. Distribution theory and the Life-Cycle Hypothesis of saving. Zeitschr. f. Nationalökonomie 31, 389–394 (1971). https://doi.org/10.1007/BF01289835
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DOI: https://doi.org/10.1007/BF01289835