ABSTRACT

It is not proposed in this chapter to undertake an exhaustive survey of the literature on theories of the size distribution of earnings. The subject has ramified to such a degree that it is virtually impossible to mention every suggested hypothesis, let alone all the empirical work which has been published in recent years. I intend, therefore, to concentrate my attention on the theories which I believe to be more important. 1 I shall also suggest some new hypotheses for future consideration and, at the end of the chapter, make a few comments on issues of policy which arise out of our topic.