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counterparts, then by comparing the true and generated values of the Gini coefficient and other inequality indices. The results …
Persistent link: https://www.econbiz.de/10010284587
The Inequality Process (IP) is a particle system model similar to that of the Kinetic Theory of Gases. The IP is a parsimonious model of competition among people for wealth. The IP explains a wide scope of stable patterns in the distribution of personal income and wealth. Econophysicists have...
Persistent link: https://www.econbiz.de/10011259327
A considerable literature exists on the measurement of income inequality in China and its increasing trend. Much less is known, however, about the driving forces of this trend and their quantitative contributions. Conventional decompositions, by factor components or by population subgroups, only...
Persistent link: https://www.econbiz.de/10010284700
This paper proposes a framework for incorporating longitudinal distributional changes into poverty decomposition. It is shown that changes in the Sen-Shorrocks-Thon index over time can be decomposed into two components—one component reflects the progressivity of income growth among the...
Persistent link: https://www.econbiz.de/10010284567
Food price increases and the introduction of radical social welfare and enterprise reforms during the 1990s generated significant changes in the lives of urban households in China. During this period urban poverty increased considerably. This paper uses household level data from 1986 to 2000 to...
Persistent link: https://www.econbiz.de/10010284764
Most social scientists would reject the possibility of socio-economic analogues of the gas laws (Boyle’s and Charles’) on verisimilitude grounds. The gas laws relate the variables temperature, pressure, and volume. The possibility of socio-economic analogues of the gas laws and their...
Persistent link: https://www.econbiz.de/10011258869
rural subsistence agriculture into more modern sectors of the economy (abscissa). The Gini concentration ratio is the … preferred measure of income inequality in economics. The Kuznets Curve has an initial uptick from the Gini concentration ratio … Gini concentration ratio of the earned incomes of a modern, educated labor force as the modern labor force grows. The …
Persistent link: https://www.econbiz.de/10005026627
Much of the U.S. labor economics literature asserts that U.S. wage income inequality increased in the last half of the 20th century. These papers point to two trends: 1) the increasing dispersion in U.S. wage incomes, and 2) the rapid growth in the relative frequency of large wage incomes of...
Persistent link: https://www.econbiz.de/10005619359
The Inequality Process (IP) is a stochastic particle system in which particles are randomly paired for wealth exchange. A coin toss determines which particle loses wealth to the other in a randomly paired encounter. The loser gives up a fixed share of its wealth, a positive quantity. That share...
Persistent link: https://www.econbiz.de/10008619170
The Inequality Process (IP) and the Saved Wealth Model (SW) are particle system models of income distribution. The IP’s social science meta-theory requires its stationary distribution to fit the distribution of labor income conditioned on education. The Saved Wealth Model (SW) is an ad hoc...
Persistent link: https://www.econbiz.de/10008839497