Technological unemployment and income inequality: a stock-flow consistent agent-based approach

2019 ◽  
Vol 30 (1) ◽  
pp. 39-73 ◽  
Author(s):  
Laura Carvalho ◽  
Corrado Di Guilmi
Keyword(s):  
Income Inequality ◽  
Agent Based ◽  
Technological Unemployment ◽  
Stock Flow

Combining agent-based and stock-flow modelling approaches in a participative analysis of the integrated land system in Reichraming, Austria

2009 ◽  
Vol 24 (9) ◽  
pp. 1149-1165 ◽  
Author(s):  
Veronika Gaube ◽  
Christina Kaiser ◽  
Martin Wildenberg ◽  
Heidi Adensam ◽  
Peter Fleissner ◽  
...  
Keyword(s):  
Agent Based ◽  
Flow Modelling ◽  
Land System ◽  
Stock Flow ◽  
Modelling Approaches

Linking urban sprawl and income segregation – Findings from a stylized agent-based model

2017 ◽  
Vol 46 (3) ◽  
pp. 469-489
Author(s):  
Cheng Guo ◽  
Carsten M Buchmann ◽  
Nina Schwarz
Keyword(s):  
Income Inequality ◽  
Urban Sprawl ◽  
Free Market ◽  
Empirical Studies ◽  
Income Level ◽  
Agent Based Model ◽  
Agent Based ◽  
Income Segregation ◽  
Starting Point ◽  
Positive Correlations

Urban sprawl and income segregation are two undesired urban patterns that occur during urban development. Empirical studies show that income level and inequality are positively correlated with urban sprawl and income segregation, respectively. However, the relationship between urban sprawl and income segregation is not only rarely investigated but also shows ambiguous empirical results when it is. Therefore, in this study, we built a stylized agent-based model with individual behaviours based on Alonso’s bid rent theory and ran simulations with different combinations of income level and income inequality. We measured the overall emergent patterns with indicators for urban sprawl and income segregation. The model confirms the established positive correlations between income level and urban sprawl and between income inequality and segregation. Furthermore, the model shows a negative correlation between urban sprawl and income segregation under free market conditions. The model indicates that without any policy implementation, a city will either suffer from urban sprawl or income segregation. Thus, this study serves as a starting point to study the effects of different urban planning policies on these two urban problems.

scholarly journals THE CONCEPT OF BASIC INCOME IN THE BRITISH POLITIAL CONTEXT

2021 ◽  
Vol 24 (6) ◽  
pp. 96-103
Author(s):  
Yuri Kvashnin ◽  
Keyword(s):  
Income Inequality ◽  
Social Security ◽  
Current Debate ◽  
Basic Income ◽  
Medium Term ◽  
Political Factors ◽  
Social Transformations ◽  
Technological Unemployment ◽  
The Uk ◽  
Number Of Parties

The article explores the current debate on basic income in the UK. The growing interest in this concept, which implies the introduction of unconditional and equal for all regular cash payments, is caused by problems common to Western European countries, i.e. an increase in income inequality, the risk of technological unemployment, as well as the need to take urgent measures to support the population at times of pandemic. In the British context, however, ideological and political factors play a significant role, such as a rich intellectual tradition of developing universal approaches to social security and the desire of a number of parties, both national and regional, to use this increasingly popular concept for their own political purposes. It is concluded that in the medium term, the UK's transition to basic income is unlikely, but the very discussion on its introduction can serve as a catalyst for serious social transformations.

Corrigendum to “Agent based-stock flow consistent macroeconomics: Towards a benchmark model” [Journal of Economic Dynamics and Control, 69 (2016) 375–408]

2017 ◽  
Vol 82 ◽  
pp. 176 ◽  
Author(s):  
Alessandro Caiani ◽  
Antoine Godin ◽  
Eugenio Caverzasi ◽  
Mauro Gallegati ◽  
Stephen Kinsella ◽  
...  
Keyword(s):  
Economic Dynamics ◽  
Agent Based ◽  
Benchmark Model ◽  
Dynamics And Control ◽  
Stock Flow ◽  
And Control

scholarly journals Cognitive Barriers to Reducing Income Inequality

2020 ◽  
pp. 194855062093459
Author(s):  
Joshua Conrad Jackson ◽  
Keith Payne
Keyword(s):  
Income Inequality ◽  
Middle Class ◽  
Social Comparison ◽  
Survey Data ◽  
Agent Based Modeling ◽  
Controlled Experiment ◽  
Economic Interest ◽  
Agent Based ◽  
Large Numbers ◽  
Wealth Redistribution

As economic inequality grows, more people stand to benefit from wealth redistribution. Yet in many countries, increasing inequality has not produced growing support for redistribution, and people often appear to vote against their economic interest. Here we suggest that two cognitive tendencies contribute to these paradoxical voting patterns. First, people gauge their income through social comparison, and those comparisons are usually made to similar others. Second, people are insensitive to large numbers, which leads them to underestimate the gap between themselves and the very wealthy. These two tendencies can help explain why subjective income is normally distributed (therefore most people think they are middle class) and partly explain why many people who would benefit from redistribution oppose it. We support our model’s assumptions using survey data, a controlled experiment, and agent-based modeling. Our model sheds light on the cognitive barriers to reducing inequality.

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