论文标题
财富分配尾巴附近财富凝结关键的非宇宙性
The Nonuniversality of Wealth Distribution Tails Near Wealth Condensation Criticality
论文作者
论文摘要
在这项工作中,我们修改了财富分布的仿射财富模型,以检查非稳定再分配对非常富裕的影响。对该模型的先前研究,仅限于平坦的再分配方案,证明了以订单参数的临界值的临界值向部分财富遵循的状态或“部分寡头制”的存在。这些研究还表明,在关键时期,在财富分布中存在指数性的尾巴。远离关键,观察到尾巴是高斯。在这项工作中,我们概括了仿射财富模型中的平坦重新分配,以实现任意的重新分配政策。我们表明,在先前工作中观察到的指数尾巴实际上是一种特殊情况,是一种更广泛的临界,较慢的高斯衰变,依赖于所使用的渐进再分配模型的相应渐近行为。因此,我们证明,近乎批评的社会中财富分配的尾巴的功能形式在本质上不是普遍的,而是完全由公共政策决策的细节决定。这很重要,因为当今大多数主要经济体都几乎至关重要。
In this work, we modify the affine wealth model of wealth distributions to examine the effects of nonconstant redistribution on the very wealthy. Previous studies of this model, restricted to flat redistribution schemes, have demonstrated the presence of a phase transition to a partially wealth-condensed state, or "partial oligarchy," at the critical value of an order parameter. These studies have also indicated the presence of an exponential tail in wealth distribution precisely at criticality. Away from criticality, the tail was observed to be Gaussian. In this work, we generalize the flat redistribution within the affine wealth model to allow for an essentially arbitrary redistribution policy. We show that the exponential tail observed near criticality in prior work is, in fact, a special case of a much broader class of critical, slower-than-Gaussian decays that depend sensitively on the corresponding asymptotic behavior of the progressive redistribution model used. We thereby demonstrate that the functional form of the tail of the wealth distribution in a near-critical society is not universal in nature but rather entirely determined by the specifics of public policy decisions. This is significant because most major economies today are observed to be near-critical.