Title of article
Economic exchanges in a stratified society: End of the middle class?
Author/Authors
M.F. Laguna، نويسنده , , S. Risau-Gusman، نويسنده , , J.R. Iglesias، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2005
Pages
7
From page
107
To page
113
Abstract
We study the effect of the social stratification on the wealth distribution on a system of interacting economic agents that are constrained to interact only within their own economic class. The economical mobility of the agents is related to its success in exchange transactions. Different wealth distributions are obtained as a function of the width of the economic class. We find a range of widths in which the society is divided in two classes separated by a deep gap that prevents further exchange between poor and rich agents. As a consequence, the middle wealth class is eliminated. The high values of the Gini indices obtained in these cases indicate a highly unequal society. On the other hand, lower and higher widths induce lower Gini indices and a fairer wealth distribution.
Journal title
Physica A Statistical Mechanics and its Applications
Serial Year
2005
Journal title
Physica A Statistical Mechanics and its Applications
Record number
870367
Link To Document