The Economics of Inequality

The Economics
of Inequality
SECOND EDITION
BY
A. B. ATKINSON
CLARENDON PRESS • OXFORD
1983
Oxford University Press, Walton Street, Oxford 0X2 6DP
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Oxford is a trade mark of Oxford University Press
Published in the United States
by Oxford University Press, New York
First published 1975
Second edition 1983
©A.B.Atkinson
Trust Fund 1975,1983
All rights reserved. No part of this publication may be reproduced,
stored in a retrieval system, or transmitted, in any form or by any means,
electronic, mechanical, photocopying, recording, or otherwise, without
the prior permission of Oxford University Press
British Library Cataloguing in Publication Data
Atkinson, A.B.
The economics of inequality. — 2nd ed.
1. Wealth
I. Title
339.4'1 HB771
ISBN 0-19-877209-2-j
ISBN 0-19-877208-4
Pbk
Library of Congress Cataloging in Publication Data
Atkinson, A.B. (Anthony Barnes)
The economics of inequality.
Bibliography: p.
Includes index.
1. Income distribution. 2. Wealth. 3. Income
maintenance programs. I. Title.
HC79.I5A81983
339.2
83-4153
ISBN 0-19-877209-2 (Oxford University Press)
ISBN 0-19-877208-4 (Oxford University Press: pbk.)
Typeset by Hope Services, Abingdon
and printed in Great Britain by
Billing & Sons Ltd
London and Worcester
CONTENTS
List of figures
x
List of tables
xi
1 Introduction
1
2 An overall view
10
3 Conceptual problems
35
4 Income distribution: Evidence
61
5 The distribution of earnings and personal characteristics
97
6 The distribution of earnings and the labour market
131
7 The concentration of wealth: Evidence
157
8 Wealth and the causes of concentration
179
9 Factor shares
200
10 Poverty
224
11 Policies for income maintenance
256
12 The approach to the issues
283
References
286
Author Index
321
Subject Index
327