Work

On the Analysis of Wealth Distribution in the Context of Infectious Diseases

Year: 2024

Type: article

Abstract: A mathematical model is established to investigate the economic effects of infectious diseases. The distribution of wealth among two types of agents in the context of the epidemic is discussed. Using the method of statistical mechanics, the evolution of the entropy weak solutions for the model of the susceptible and the infectious involving wealth density functions is analyzed. We assume that as time tends to infinity, the wealth density function of the infectious is linearly related to the wealth density function of the susceptible individuals. Our results indicate that the spreading of disease significantly affects the wealth distribution. When time tends to infinity, the total wealth density function behaves as an inverse gamma distribution. Utilizing numerical experiments, the distribution of wealth under the epidemic phenomenon and the situation of wealth inequality among agents are discussed.

Source: Entropy

DOI: 10.3390/e26090788

Authors: Tingting Zhang, Shaoyong Lai, Minfang Zhao

Institutions: Southwestern University of Finance and Economics, Yili Normal University

Language: English

Topic: Complex Systems and Time Series Analysis

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Reduced inequalities

Open Access status: gold

Estimated APC paid: $2,955