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This can be read as a theoretical analysis of a basic income guarantee. >>> Equalizing Mechanisms. There are essentially two classes of mechanisms that can red
by irickt 9y ago
This can be read as a theoretical analysis of a basic income guarantee.
>>> Equalizing Mechanisms. There are essentially two classes of mechanisms that can reduce inequality: suppression of dominance ... or lifting the majority out of the sticky state close to zero .... Starting with the latter, a small additive influx is a powerful antidote to the stickiness effect. ... In society, savings from income represent an additive contribution to wealth. Adding such a flux to our minimal model of wealth allows more households to gain wealth, thus populating the middle class and regularly breaking episodes of dominance by the previously dominant households
Also, full pdf with methods and details: http://www.pnas.org/content/114/50/13154.full.pdf?with-ds=yes http://www.pnas.org/content/114/50/13154.full.pdf?with-ds=ye...
- anigbrowl 9y agoAlso worth looking at section 7 in the supplementary information, and figure S5.