2005/07/28 by Ning Ding, Ning Xi, Yougui Wang · 8 citations
Economics, Econometrics and Finance · Mathematics · Physics and Astronomy · #Aggregate (composite) #Character (mathematics) #Complex Systems and Time Series Analysis #Computer science #Distribution (mathematics) #Econometrics #Economic Theory and Policy #Economic theories and models #Economics #Index (typography) #Mathematics #Per capita #Per capita income #Transfer (computing) #Volatility (finance) #physics.soc-ph #q-fin.GN
paper · pdf · doi:10.1016/j.physa.2005.11.043
published in Physica A Statistical Mechanics and its Applications 367, 415-424 (Elsevier BV) · 17 pages, 4 figures, 2nd version
arxiv created 2005/07/28 · openalex publication_date 2006/01/07 · arxiv updated 2009/12/01 · openalex created_date 2016/06/24 · openalex updated_date 2026/07/28
In this paper, we investigate the economic mobility in some money transfer models which have been applied into the research on wealth distribution. We demonstrate the mobility by recording the time series of agents' ranks and observing their volatility. We also compare the mobility quantitatively by employing an index, "the per capita aggregate change in log-income", raised by economists. Like the shape of distribution, the character of mobility is also decided by the trading rule in these transfer models. It is worth noting that even though different models have the same type of distribution, their mobility characters may be quite different.