Does Disaster Change Income and Wealth Distribution Toward Extremity of Inequality and Poverty? Analysis of Flood and Landslides in the Vulnerable Locations of Nepal

2020 ◽  
pp. 1-15
Author(s):  
Raghu Bir Bista
Author(s):  
Yves Achdou ◽  
Jiequn Han ◽  
Jean-Michel Lasry ◽  
Pierre-Louis Lions ◽  
Benjamin Moll

Abstract We recast the Aiyagari-Bewley-Huggett model of income and wealth distribution in continuous time. This workhorse model – as well as heterogeneous agent models more generally – then boils down to a system of partial differential equations, a fact we take advantage of to make two types of contributions. First, a number of new theoretical results: (i) an analytic characterization of the consumption and saving behavior of the poor, particularly their marginal propensities to consume; (ii) a closed-form solution for the wealth distribution in a special case with two income types; (iii) a proof that there is a unique stationary equilibrium if the intertemporal elasticity of substitution is weakly greater than one. Second, we develop a simple, efficient and portable algorithm for numerically solving for equilibria in a wide class of heterogeneous agent models, including – but not limited to – the Aiyagari-Bewley-Huggett model.


2019 ◽  
Vol 39 (3) ◽  
pp. 449-469
Author(s):  
Isabela Nogueira ◽  
João Victor Guimarães ◽  
João Pedro Braga

ABSTRACT This article contributes to the debate on income and wealth distribution in China by analyzing the main characteristics of the Chinese accumulation pattern that determine its distributive dynamics in a comparative perspective. After a period of rapid growth of inequalities, coupled with improved living conditions for all distribution deciles, inequalities have stabilized in China since the mid-2000s. Globally, China is today in a distributive pattern worse than Western Europe or Japan, but it is more egalitarian than the United States and far from the world inequality frontier defined by Brazil, India, South Africa and the Middle East. In this article, we scrutinize three characteristics of the regime of accumulation in China that mitigate the capital-concentrating tendency: 1. the financialization process with Chinese characteristics, 2. the strategic share of State ownership in the economy, 3. its trajectory over the agrarian question.


Author(s):  
Yuriy S. Nikiforov

The article presents an overview of the international scientific conference "The Global Knowledge of Economic Inequality. The Measurement of Income and Wealth Distribution since 1945", which took place on November 15 to 17, 2018, at the German Historical Institute London (United Kingdom). The conference was dedicated to the state and to prospects of research into the problems of economic inequality in the world. The main attention of the conference participants was focused on issues of the welfare state, economic inequality, its measurement, income, wealth, and poverty in various perspectives. More than 30 people made presentations in English and in discussions, including scientists from the UK, China, Russia, the USA, Germany, France and other countries.


Sign in / Sign up

Export Citation Format

Share Document