A STOCHASTIC MODEL OF WEALTH ACCUMULATION WITH CLASS DIVISION

被引：7

作者：

Russo, Alberto ^{[1
]}

机构：

[1] Univ Politecn Marche, Dept Econ & Social Sci, Ancona, Italy

来源：

METROECONOMICA | 2014年 / 65卷 / 01期

关键词：

INCOME-DISTRIBUTION; EUROPEAN-UNION; LAW; DISTRIBUTIONS; MARKETS;

D O I：

10.1111/meca.12021

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper is aimed at contributing to the literature on income and wealth inequality by proposing a simple stochastic model in which wealth accumulation depends on the social relation' between two classes: capitalists or workers. As a result, the society may evolve towards an unequal outcome with few rich and many poor individuals. We study the dynamic properties of the model by means of computer simulations. A maximum likelihood estimation procedure is applied to analyse the Pareto or power law tail of wealth distribution. We also provide a scenario analysis to explore the system's behaviour under alternative parameter settings.

引用

页码：1 / 35

页数：35

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