Exploring the income distribution business cycle dynamics

Article Abstract:

A study of US income distributions during unemployment spells and in connection with cyclically-moving factor shares showed that income distribution model is likely to mimic real world conditions by segregating the households into type-specific employment processes which will readily show real-world income distributions. Cyclically-moving factor shares were unable to effect a simulation of the income distribution observed in actual conditions. The study implies that business cycles and unemployment spells are not the factors that affect wealth distribution.

Economics, Research and Development in the Social Sciences and Humanities, Models, Demonstrations and protests, Business cycles

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Minimum consumption and transitional dynamics in wealth distribution

Article Abstract:

A model examining the initial differences in wealth of households and their future wealth based on statistics from U.S. economy is presented. It is observed that households are unable to escape a minimum consumption level in any given time frame and disparities in consumptions do appear for a short term but over all this inequality disappears.

Usage, Economic conditions, Distribution (Economics), Econometric models, Distribution of wealth

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Precautionary savings and wealth distribution under habit formation preferences

Article Abstract:

Habit formation hypothesis plays an important role in shaping the wealth distribution and in determining the size of precautionary savings. It is found that both persistent and non-persistent habits bring about a hefty increase in precautionary savings and very mild reduction in the coefficient of variation and in the Gini index of wealth.

Forecasts, trends, outlooks, Income Distribution, Forecasts and trends, Market trend/market analysis, Savings, Economic indicators

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