A Complexity Approach for Public Policies

Bernardo Furtado, Patricia Morita Sakowski and Marina Tóvolli

No 205, Discussion Papers from Instituto de Pesquisa Econômica Aplicada - IPEA

Abstract: Theoretical models of the Kuznets Curve have been purely analytical with little contribution towards an understanding of the timing of the process and the presence of additional mechanisms affecting its timing. This paper proposes an agent-based version of Acemoglu and Robinson’s model of the Kuznets Curve. In extending their analytical framework we include heterogeneity of agents’ income and a mating mechanism that together represent elements of social mobility. These two simple changes proved to be enough to shed light on the length and timing before high inequality implies regime change. Thus, this work may contribute to an effective empirical assessment of the Kuznets curve as it explicitly considers the time dimension of the process and the effects of considering social dynamics.

Pages: 36 pages
Date: 2015-04
New Economics Papers: this item is included in nep-hme
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Persistent link: https://EconPapers.repec.org/RePEc:ipe:ipetds:0205

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