Fiche du document
- ISIDORE Id: 10670/1.4d9be3...
- hal: hal-04531031
- doi: 10.1016/j.econmod.2023.106535
Ce document est lié à :
info:eu-repo/semantics/altIdentifier/doi/10.1016/j.econmod.2023.106535
info:eu-repo/semantics/OpenAccess
Mots-clés
C - Mathematical and Quantitative Methods/C.C6 - Mathematical Methods • Programming Models • Mathematical and Simulation Modeling/C.C6.C63 - Computational Techniques • Simulation Modeling D - Microeconomics/D.D3 - Distribution/D.D3.D31 - Personal Income, Wealth, and Their Distributions E - Macroeconomics and Monetary Economics/E.E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy/E.E2.E21 - Consumption • Saving • Wealth E - Macroeconomics and Monetary Economics/E.E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook/E.E6.E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy • Stabilization • Treasury PolicySujets proches
Fortunes Household income Personal income Family incomeCiter ce document
Elisa Palagi et al., « An agent-based model of trickle-up growth and income inequality », HAL SHS (Sciences de l’Homme et de la Société), ID : 10.1016/j.econmod.2023.106535
Métriques
Partage / Export
Résumé
We build an agent-based model to study how coordination failures, credit constraints, and unequal access to investment opportunities affect inequality and aggregate income dynamics. We show that macroeconomic conditions are affected by income distribution and that the model features trickle-up growth dynamics. Redistribution toward poorer households raises demand and benefits all agents’ income growth. Simulations show that our model reproduces several stylized facts concerning income inequality and social mobility. Finally, fiscal policies facilitating access to investment opportunities by poor households have the largest impact, raising income and decreasing inequality, with policy timing being crucial.
