Local operators in kinetic wealth distribution

Kinetic theory models for the distribution of wealth

Various multi-agent models of wealth distributions defined by microscopic laws regulating the trades, with or without a saving criterion, are reviewed. We discuss and clarify the equilibrium properties of the model with a constant global saving propensity, resulting in Gamma distributions, and their equivalence to the Maxwell-Boltzmann kinetic energy distribution in an effective number of dimen...

Wealth Distribution within Couples

Wealth Distribution within Couples While most studies on wealth inequality focus on the inequality between households, this paper examines the distribution of wealth within couples. For this purpose, we make use of unique individual level micro data from the German Socio-Economic Panel Study (SOEP). In married and cohabiting couples men’s net worth, on average, is 33,000 euros higher than women...

Wealth accumulation and wealth distribution in urban China∗

Under socialism it was neither possible nor necessary to accumulate significant levels of personal wealth. The acceleration of economic reform in the last decade has brought dramatic increases in income and investment opportunities. At the same time, it has also reduced social protections provided by the state welfare system. As a response to these changes urban average household net total weal...

Distribution of Wealth

Degree and wealth distribution in a network induced by wealth

A network induced by wealth is a social network model in which wealth induces individuals to participate as nodes, and every node in the network produces and accumulates wealth utilizing its links. More specifically, at every time step a new node is added to the network, and a link is created between one of the existing nodes and the new node. Innate wealthproducing ability is randomly assigned...