publication . Preprint . Research . Other literature type . 2018

A Hierarchy Model of Income Distribution

Fix, Blair;
Open Access
  • Published: 09 Apr 2018
  • Publisher: Center for Open Science
Abstract
<p>Based on worldly experience, most people would agree that firms are hierarchically organized, and that pay tends to increase as one moves up the hierarchy. But how this hierarchical structure affects income distribution has not been widely studied. To remedy this situation, this paper presents a new model of income distribution that explores the effects of social hierarchy. This 'hierarchy model' takes the limited available evidence on the structure of firm hierarchies, and generalizes it to create a large-scale simulation of the hierarchical structure of the United States economy. Using this model, I conduct the first quantitative investigation of hierarchy'...
Subjects
free text keywords: P16, income distribution, hierarchy, power, ddc:330, Social and Behavioral Sciences, Economics, Political Economy, Economic History, Economic Theory
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Research . 2018
Provider: EconStor
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Other literature type . 2018
Provider: Datacite
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