The Economic Mobility in Money Transfer

Details The Economic Mobility in Money Transfer The Economic Mobility in Money Transfer

2005-07-21

arxiv.org/abs/physics/0507158v2

Physics

Physics and Society

17 pages, 4 figures, 2nd version

Scientific paper

10.1016/j.physa.2005.11.043

In this paper, we investigate the economic mobility in some money transfer models which have been applied into the research on wealth distribution. We demonstrate the mobility by recording the time series of agents' ranks and observing their volatility. We also compare the mobility quantitatively by employing an index, "the per capita aggregate change in log-income", raised by economists. Like the shape of distribution, the character of mobility is also decided by the trading rule in these transfer models. It is worth noting that even though different models have the same type of distribution, their mobility characters may be quite different.

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