Exploiting the flexibility of a family of models for taxation and redistribution
AbstractWe discuss a family of models expressed by nonlinear differential equation systems describing closed market societies in the presence of taxation and redistribution. We focus in particular on three example models obtained in correspondence to different parameter choices. We analyse the influence of the various choices on the long time shape of the income distribution. Several simulations suggest that behavioral heterogeneity among the individuals plays a definite role in the formation of fat tails of the asymptotic stationary distributions. This is in agreement with results found with different approaches and techniques. We also show that an excellent fit for the computational outputs of our models is provided by the k-generalized distribution introduced by G. Kaniadakis (Physica A 296 (2001) 405-425).
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Bibliographic InfoPaper provided by arXiv.org in its series Papers with number 1207.6081.
Date of creation: Jul 2012
Date of revision: Mar 2014
Publication status: Published in Eur. Phys. J. B (2012) 85: 261
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- Maria Letizia Bertotti & Giovanni Modanese, 2014. "Micro to macro models for income distribution in the absence and in the presence of tax evasion," Papers 1403.0015, arXiv.org.
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