Related papers: A simple method for measuring inequality
Economists often define the middle class based on income distribution, yet selecting which segment constitutes the `middle' is essentially arbitrary. This paper proposes a definition of the middle class based solely on the properties of…
Urban scaling analysis, the study of how aggregated urban features vary with the population of an urban area, provides a promising framework for discovering commonalities across cities and uncovering dynamics shared by cities across time…
Given that the existing parametric functional forms for the Lorenz curve do not fit all possible size distributions, a universal parametric functional form is introduced. By using the empirical data from different scientific disciplines and…
This paper develops a geometric diagnostic framework for classical inequality decomposability. Representing the simplest nontrivial setting of three-person income distributions as points on the two-dimensional income-share simplex, we…
We introduce two families of inequality measures, $G_p$ and $H_q$, that converge to the classical Gini coefficient as $p,q\to\infty$. The tuning parameters $p>1$ and $q>0$ regulate the influence of disparities between observations. For each…
Reducing wealth inequality and increasing utility are critical issues. This study reveals the effects of redistribution and consumption morals on wealth inequality and utility. To this end, we present a novel approach that couples the…
Fairness is an important performance criterion in all resource allocation schemes, including those in distributed computer systems. However, it is often specified only qualitatively. The quantitative measures proposed in the literature are…
To demonstrate the usefulness of physical approaches for the study of realistic economic systems, we investigate the inequality of players' wealth in one of the most extensively studied econophysical models, namely, the minority game (MG).…
This paper presents a novel quantitative approach for comparative economic studies, addressing limitations in current classification methods. Conventional approaches in comparative economics often rely on ad hoc and categorical…
We study the inequality of citations received for different publications of various researchers and Nobel laureates in Physics, Chemistry, Medicine and Economics using Google Scholar data from 2012 to 2024. Citation distributions are found…
The drastic changes in the global economy, geopolitical conditions, and disruptions such as the COVID-19 pandemic have impacted the cost of living and quality of life. It is important to understand the long-term nature of the cost of living…
The centrality of a node within a network, however it is measured, is a vital proxy for the importance or influence of that node, and the differences in node centrality generate hierarchies and inequalities. If the network is evolving in…
This paper investigates the inter-regional intra-industry disparity within selected Indian manufacturing industries and industrial states. The study uses three measures - the Output-Capital Ratio, the Capital-Labor Ratio, and the…
We consider a simple theoretical model to investigate the impact of inheritances on the wealth distribution. Wealth is described as a finite resource, which remains constant over different generations and is divided equally among offspring.…
Urban inequality, as reflected by uneven spatial allocations of resources, services, and opportunities, has arisen as a major topic for quantitative research and policy intervention. Geographic Information Systems (GIS) provide a solid…
One of the unintended consequences of the New Public Management (NPM) in universities is often feared to be a division between elite institutions focused on research and large institutions with teaching missions. However, institutional…
This study examines the relationship between automation and income inequality across different countries, taking into account the varying levels of technological adoption and labor market institutions. The research employs a panel data…
How can we limit wealth disparities while stimulating economic flows in sustainable societies? To examine the link between these concepts, we propose an econophysics asset exchange model with the surplus stock of the wealthy. The wealthy…
We introduce a minimal agent-based model to qualitatively conceptualize the allocation of limited wealth among more abundant opportunities. We study the interplay of power, satisfaction and frustration in distribution, concentration, and…
Recent work has shown that a country's productive structure constrains its level of economic growth and income inequality. Here, we compare the productive structure of countries in Latin America and the Caribbean (LAC) with that of China…