Measuring Trends in U.S. Income Inequality Theory and Applications
This book is the culmination of roughly seven years of joint research be tween us. We have both been interested in income inequality measurement for a considerably longer period of time. One author (Ryu) has a back ground in physics. While he was workin
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Springer-Verlag Berlin Heidelberg GmbH
Hang K. Ryu Daniel J. Slottje
Measuring Trends in U.S. Income Inequality Theory and Applications
Springer
Authors Prof. Hang K. Ryu Chung Ang University Department of Economics Seoul, Korea Prof. Daniel 1. Slottje Southern Methodist University Department of Economics Dallas, TX 75272, USA
Llbrary of Congress Cataloglng-ln-Publlcatlon Data
Ryu. Hang K. (Hang Keun). 1950Measur j ng trends in U. S. i ncome i nequa li ty : theory and applications I Hang K. Ryu, Daniel J. Slottje. p. cm. -- (Lecture notes in economics and mathematical systelIS ; 459) Inc 1udes b i b 1 i ograph i ca l references (D. ). ISBN 978-3-540-64229-9 ISBN 978-3-642-58896-9 (eBook) DOI 10.1007/978-3-642-58896-9
1. lncome distribution--United States--Econometric models. I. Slottje. Daniel Jonathan. 1957II. Title. III. Series. HCll0.I5R96 1998 339.2'0973--dc21 98-3099 CIP
ISSN 0075-8442 ISBN 978-3-540-64229-9
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© Springer-Verlag Berlin Heidelberg 1998 Originally published by Springer-Verlag Berlin Heidelberg New York in 1998
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Foreword This book is the culmination of roughly seven years of joint research between us. We have both been interested in income inequality measurement for a considerably longer period of time. One author (Ryu) has a background in physics. While he was working on his Ph.D. in Physics at M.I.T. he became acquainted with Robert Solow. Professor Solow introduced Ryu to economics. After finishing his Ph.D. in physics, Ryu went on to the University of Chicago where Arnold Zellner guided him to a dissertation on using orthonormal basis and maximum entropy as estimation methods in econometric applications. The precise definition and examples of orthonormal basis (ONB) and maximum entropy (ME) methods will be given in the book. As it turns out, a natural application of these methods is the study of income distribution. Professor Zellner suggested that Ryu look at some of my joint work with Robert Basmann on functional forms of Lorenz curves as one starting place to do his own research. Ryu requested some of our data and asked for several of
