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SIZE DISTRIBUTION OF WORKERS' HOUSEIIOLD INCOME AND MACROECONOMIC ACTIVITIES IN JAPAN: 1963–88
Author(s) -
Yoshino Osamu
Publication year - 1993
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/j.1475-4991.1993.tb00469.x
Subject(s) - decile , economics , distribution (mathematics) , inflation (cosmology) , income distribution , demographic economics , econometrics , personal income , labour economics , macroeconomics , statistics , inequality , mathematics , mathematical analysis , physics , theoretical physics
An attempt is made to examine empirically the relationship between the size distribution of workers' household incomes and the variables expressing macroeconomic activities. As a preliminary implementation, the income shares are first estimated by decile groups and several subdivided top income groups. Applying Blinder and Esaki's regression approach to the estimated data, the ratio of job offers to applicants, inflation rate, and the terms of trade arc found to significantly affect the distribution. Of these variables, the terms of trade should be taken into account to ascertain precisely the income distribution in Japan where foreign trade heavily affects economic conditions.