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Full-Text Articles in Social and Behavioral Sciences
Modeling Wealth Distribution In A Society, Dylan Berns, Peihsien Sun, Adrian V. Gheorghe
Modeling Wealth Distribution In A Society, Dylan Berns, Peihsien Sun, Adrian V. Gheorghe
Engineering Management & Systems Engineering Faculty Publications
The interconnectedness of social mood, changing dynamics, income inequality, and wealth distribution underscores the complexity of understanding and addressing these issues. This complexity inspires researchers to develop models and conduct further research to gain insights into the mechanisms driving income inequality and wealth distribution. By studying these phenomena more comprehensively, one can aim to develop strategies and policies that promote a more equitable distribution of wealth and opportunities, thereby fostering social stability and economic prosperity. In the present paper, there was build a model on wealth distribution and income inequality to help people understand the complexities of wealth inequality and …