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Why are there so many power laws in economics?
Kapeller, Jakob; Steinerberger, Stefan - 2025
Power law distributions are ubiquitous in socioeconomic contexts. While their general properties are well understood, it is often less clear why they regularly appear in empirical data. What are the generative mechanisms leading to power laws, how do they arise in the real world? This paper aims...
Persistent link: https://www.econbiz.de/10015340164
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Why are there so many power laws in economics?
Kapeller, Jakob; Steinerberger, Stefan - 2025
Power law distributions are ubiquitous in socioeconomic contexts. While their general properties are well understood, it is often less clear why they regularly appear in empirical data. What are the generative mechanisms leading to power laws, how do they arise in the real world? This paper aims...
Persistent link: https://www.econbiz.de/10015395897
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Why are there so many power laws in economics?
Kapeller, Jakob; Steinerberger, Stefan - 2025
Power law distributions are ubiquitous in socioeconomic contexts. While their general properties are well understood, it is often less clear why they regularly appear in empirical data. What are the generative mechanisms leading to power laws, how do they arise in the real world? This paper aims...
Persistent link: https://www.econbiz.de/10015361373
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Global and domestic inequalities and the political economy of the midde-income trap
Flechtner, Svenja; Panther, Stephan - 2017
Some middle-income economies, many of which Latin American, have not achieved to make the transition into high-income status for long years and are allegedly trapped in middle-income status. While there is considerable consensus on the proximate causes of this phenomenon, we present a global...
Persistent link: https://www.econbiz.de/10011957945
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Chapter 8. Post-1970 Trends in Within-Country Inequality and Poverty : Rich and Middle-Income Countries
Morelli, Salvatore; Smeeding, Timothy; Thompson, Jeffrey - In: Handbook of income distribution : volume 2, (pp. 593-696). 2015
in poverty and income inequality, up to 2010 or 2011 in most countries. We provide measures of the levels and trends in … income inequality, and inequality among those with top incomes. …
Persistent link: https://www.econbiz.de/10014025343
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Capital shares and income inequality : evidence from the long run
Bengtsson, Erik; Waldenström, Daniel - 2015
This paper investigates the relationship between the capital share in national income and personal income inequality … income shares with a broader measure of inequality (Gini coefficient), the positive relationship re-mains but becomes …
Persistent link: https://www.econbiz.de/10011408188
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Deriving the parameter of inequality aversion from a parametric distribution of incomes
Kot, Stanisław Maciej - 2019
In this paper, the method of deriving the parameter ε of inequality aversion from a parametric distribution of incomes … constant inequality aversion utility function and that incomes obey the generalised beta distribution of the second kind GB2(a …) interval. The mid-point εmid of this interval specifies inequality aversion of the median socialdecision maker. The maximum …
Persistent link: https://www.econbiz.de/10012112502
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Wealth and history: an update
Waldenström, Daniel - 2021
This paper analyzes new evidence on long-run trends in aggregate wealth accumulation and wealth inequality in Western …
Persistent link: https://www.econbiz.de/10012660134
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Wealth and history : an update
Waldenström, Daniel - 2021
This paper analyzes new evidence on long-run trends in aggregate wealth accumulation and wealth inequality in Western …
Persistent link: https://www.econbiz.de/10012649784
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Chapter 15. Wealth and Inheritance in the Long Run
Piketty, Thomas; Zucman, Gabriel - In: Handbook of income distribution : volume 2, (pp. 1303-1368). 2015
current trends toward rising wealth–income ratios and wealth inequality might continue during the twenty-first century, both …
Persistent link: https://www.econbiz.de/10014025330