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Statistical theories of income and wealth distribution

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  • Chakrabarti, Anindya S.
  • Chakrabarti, Bikas K.
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    Abstract

    The distributions of income and wealth in countries across the world are found to possess some robust and stable features independent of the specific economic, social and political conditions of the countries. We discuss a few physics-inspired multi-agent dynamic models along with their microeconomic counterparts, that can produce the statistical features of the distributions observed in reality. A number of exact analytical methods and solutions are also provided. --

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    File URL: http://www.economics-ejournal.org/economics/discussionpapers/2009-45
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    Bibliographic Info

    Paper provided by Kiel Institute for the World Economy in its series Economics Discussion Papers with number 2009-45.

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    Date of creation: 2009
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    Handle: RePEc:zbw:ifwedp:200945

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    Keywords: Income distribution; wealth distribution; inequality; exchange economies; money;

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    1. Garcia-Penalosa, Cecilia & Aghion, Philippe & Caroli, Eve, 1999. "Inequality and Economic Growth: The Perspective of the New Growth Theories," Economics Papers from University Paris Dauphine 123456789/10091, Paris Dauphine University.
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