Influence of saving propensity on the power law tail of wealth distribution

Marco Patriarca, Anirban Chakraborti and Guido Germano

Papers from arXiv.org

Abstract: Some general features of kinetic multi-agent models are reviewed, with particular attention to the relation between the agent saving propensities and the form of the equilibrium wealth distribution. The effect of a finite cutoff of the saving propensity distribution on the corresponding wealth distribution is studied. Various results about kinetic multi-agent models are collected and used to construct a realistic wealth distribution with zero limit for small values of wealth, an exponential form at intermediate and a power law tail at larger values of wealth.

Date: 2005-06
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Citations: View citations in EconPapers (6)

Published in Physica A 369 (2), 723-736, 2006

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Journal Article: Influence of saving propensity on the power-law tail of the wealth distribution (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:physics/0506028

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