Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/220292 
Year of Publication: 
2015
Series/Report no.: 
Discussion Paper No. 204
Publisher: 
Institute for Applied Economic Research (ipea), Brasília
Abstract: 
Theoretical models of the Kuznets Curve have been purely analytical with little contribution towards an understanding of the timing of the process and the presence of additional mechanisms affecting its timing. This paper proposes an agent-based version of Acemoglu and Robinson's model of the Kuznets Curve. In extending their analytical framework we include heterogeneity of agents' income and a mating mechanism that together represent elements of social mobility. These two simple changes proved to be enough to shed light on the length and timing before high inequality implies regime change. Thus, this work may contribute to an effective empirical assessment of the Kuznets curve as it explicitly considers the time dimension of the process and the effects of considering social dynamics.
Subjects: 
Kuznets curve
agent-based model
inequality
institutions
JEL: 
B25
C63
D63
D70
Document Type: 
Working Paper

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