We design a series of simulation-based thought experiments to deductively evaluate the
causal effects of various factors on wealth inequality (the distribution) and social mobility …

“Virtually all human societies are marked by inequality, at a level that surpasses what could
be expected from normal differences in individuals' capabilities alone.” So begins this new …

We propose in the present paper a probabilistic approach of the so-called Hayes (2002)
Yard-Sale model using classical diffusion approximations of Markov chains. We partly …

This paper introduces nonparametric econometric methods that characterize general power
law distributions under basic stability conditions. These methods extend the literature on …

This paper introduces new techniques to obtain a closed-form rank-by-rank characterization
of the equilibrium distribution of wealth in a model in which finitely lived households face …

Sprengstoff Ungleichheit Ungleiche Verhältnisse entwickeln sich in jeder Gesellschaft,
unabhängig von den Fähigkeiten und dem Arbeitswillen der Menschen, sagt der …

Our computational economic analysis investigates the relationship between inequality,
mobility and the financial accumulation process. Extending the baseline model by Levy et …

Using a standard model in which the individual consumption path is computed solving an
optimal control problem, we investigate central claims of Piketty (2014). Rather than r> g …

In this paper we consider some elementary and fair zero-sum games of chance in order to
study the impact of random effects on the wealth distribution of N interacting players. Even if …

Wealth inequality has been not only rising at unsustainable pace but also dissociated from
income inequality because of the fact that wealth is increasing without concomitant increase …