Alvarez-Pereira, B, Bale, CSE, Alves Furtado, B et al. (4 more authors) (2014) Social Institutions and Economic Inequality Modeling the onset of the Kuznets Curve. In: MacKerrow, E, Terano, T, Squazzoni, F and Sichman, JS, (eds.) Proceedings of the 5th World Congress on Social Simulation. 5th World Congress on Social Simulation, 04-07 Nov 2014, Sao Paulo, Brazil. ISBN 978-0-692-31895-9
Abstract
Theoretical models of the Kuznets Curve have been purely analytical with little contribution to the timing of the process and to the presence of additional mechanisms affecting its timing. This paper proposes an agent-based version of Acemoglu and Robinsons model of the political economy of the Kuznets Curve. In extending their analytical framework we include heterogeneity of agents' income and a mating mechanism that together represent elements of social mobility. These two simple changes proved to be enough to shed light on the length and timing before high inequality implies regime change. Thus, this work may contribute to an effective empirical assessment of the Kuznets curve as it explicitly considers the time dimension of the process and the e ects of considering social dynamics.
Metadata
Item Type: | Proceedings Paper |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Engineering & Physical Sciences (Leeds) > School of Chemical & Process Engineering (Leeds) > Energy Research Institute (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 28 Apr 2016 09:34 |
Last Modified: | 17 Jan 2018 02:30 |
Published Version: | http://computationalsocialscience.org/wp-content/u... |
Status: | Published |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:89324 |