Bounded Variation and the Distribution of Scaled Earnings

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Bounded Variation and the Distribution of Scaled
Earnings Demetris Christodoulou
(d.christodoulou_at_econ.usyd.edu.au, The University
of Sydney) Stuart McLeay (s.j.mcleay_at_bangor.ac.uk
, University of Wales Bangor)
Acknowledgments Financial contribution from the
European Commission through the Human Potential
Programme HARMONIA, Contract HPRN-CT-2000-00062.
Beneficial comments from Shanti Chakravarty,
Maurice Peat and Maxwell Stevenson. Participants
at the EAA and AFAANZ conferences, and seminars
at CASS Business School City University, London
School of Economics, the Centre for Analysis of
Investment Risk Manchester and the University of
Cyprus.