Literature DB >> 34209058

Wealth Rheology.

Zdzislaw Burda1, Malgorzata J Krawczyk1, Krzysztof Malarz1, Malgorzata Snarska2.   

Abstract

We study wealth rank correlations in a simple model of macroeconomy. To quantify rank correlations between wealth rankings at different times, we use Kendall's τ and Spearman's ρ, Goodman-Kruskal's γ, and the lists' overlap ratio. We show that the dynamics of wealth flow and the speed of reshuffling in the ranking list depend on parameters of the model controlling the wealth exchange rate and the wealth growth volatility. As an example of the rheology of wealth in real data, we analyze the lists of the richest people in Poland, Germany, the USA and the world.

Entities:  

Keywords:  Bouchaud–Mézard model; Gini coefficient; rank correlations; wealth distribution; wealth inequality

Year:  2021        PMID: 34209058     DOI: 10.3390/e23070842

Source DB:  PubMed          Journal:  Entropy (Basel)        ISSN: 1099-4300            Impact factor:   2.524


  3 in total

1.  Wealth condensation in pareto macroeconomies.

Authors:  Z Burda; D Johnston; J Jurkiewicz; M Kamiński; M A Nowak; G Papp; I Zahed
Journal:  Phys Rev E Stat Nonlin Soft Matter Phys       Date:  2002-01-09

2.  The Dynamics of Wealth Inequality and the Effect of Income Distribution.

Authors:  Yonatan Berman; Eshel Ben-Jacob; Yoash Shapira
Journal:  PLoS One       Date:  2016-04-22       Impact factor: 3.240

3.  A Simple Mechanism Causing Wealth Concentration.

Authors:  Michał Cieśla; Małgorzata Snarska
Journal:  Entropy (Basel)       Date:  2020-10-13       Impact factor: 2.524

  3 in total

北京卡尤迪生物科技股份有限公司 © 2022-2023.