Year: 2025
Type: preprint
Abstract: This paper uses elements of fractal geometry to describe the distribution of income among individuals. It shows the existence of a stochastic fractal relationship between a country’s output and income inequality: the higher the level of income inequality, the lower the country’s output. The framework thus allows us to isolate the impact of inequality on output from that of average growth. A parallel between this framework and a welfarist approach to distributional analysis is also discussed. (Stone Center on Socio-Economic Inequality Working Paper)
Author: Marco Ranaldi
Institution: University College London
Language: English
Subfield: Sociology and Political Science
Field: Social Sciences
Domain: Social Sciences
Open Access status: gold
OpenAlex ID: W4414200697
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