Growth and income distribution in an economy with dynasties and overlapping generations

Sasaki, Hiroaki

doi:10.1007/s40844-021-00206-4

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2024

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“…Finally, we want to mention a few recent contributions on the relationship between economic growth and income distribution, belonging to economic literature [17][18][19]. In particular, the frst of these three works provides a review with an extensive bibliography on the subject and shows that, at least in the economic literature, related research keeps being lively.…”

Section: Introductionmentioning

confidence: 99%

A Mathematical Model for the Dynamics of Income Distribution in the Presence of Production

Bertotti

2024

Complexity

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In this paper, a mathematical model is formulated, suitable to explain the evolution of income distribution over a population in the presence of production. The model is conceived from the perspective of complexity. Indeed, the income distribution emerges as the result of a myriad of economic exchanges taking place between individuals. In fact, the aim of the paper is to provide a framework and mathematical tools for the construction and the investigation of models having an exploratory character. The framework is expressed in the form of a system of nonlinear ordinary differential equations, as many as the income classes are, involving transition probabilities. Numerical solutions of these systems are constructed under different assumptions on the law of production and in the presence of different fiscal systems, which provides an example of the versatility of the method.

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Section: Introductionmentioning

confidence: 99%

A Mathematical Model for the Dynamics of Income Distribution in the Presence of Production

Bertotti

2024

Complexity

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Growth and income distribution in an economy with dynasties and overlapping generations

Cited by 1 publication

References 28 publications

A Mathematical Model for the Dynamics of Income Distribution in the Presence of Production

A Mathematical Model for the Dynamics of Income Distribution in the Presence of Production

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