Journal Article
No. 2010-4 | January 26, 2010
Statistical Theories of Income and Wealth Distribution

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.

JEL Classification:

C00, C31, D51

Assessment

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Cite As

Anindya S. Chakrabarti and Bikas K. Chakrabarti (2010). Statistical Theories of Income and Wealth Distribution. Economics: The Open-Access, Open-Assessment E-Journal, 4 (2010-4): 1—31. http://dx.doi.org/10.5018/economics-ejournal.ja.2010-4


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