Statistical theories of income and wealth distribution

Anindya S. Chakrabarti and Bikas K. Chakrabarti

No 2009-45, Economics Discussion Papers from Kiel Institute for the World Economy (IfW Kiel)

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.

Keywords: Income distribution; wealth distribution; inequality; exchange economies; money (search for similar items in EconPapers)
JEL-codes: C00 C31 D51 (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-ltv
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwedp:200945

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