Simulating Future Trends in Wealth Inequality

Simon Kelly

    Research output: Contribution to conference (non-published works)Paper

    Abstract

    The gap between the rich and the poor and changes in the distribution of wealth is
    being publicly debated at present. This paper contributes to this debate by providing
    some historical wealth inequality measures and by taking the debate a step further
    by trying to estimate the direction in which wealth inequality will move in the
    future.

    In recent years, the National Centre for Social and Economic Modelling has
    developed a model that can simulate the accumulation of wealth over time at the
    family level. Aggregating the families provides estimates of the national distribution
    of wealth, both now and in the future.

    This paper uses the outcomes of the simulation to project future trends in wealth
    inequality. The results are heavily influenced by the underlying assumptions but
    provide some very valuable insights into whether wealth inequality will increase or
    decrease in the future.
    Original languageEnglish
    Number of pages23
    Publication statusPublished - 2002
    EventAustralian Conference of Economists - Adelaide, Australia
    Duration: 30 Sep 20023 Oct 2002

    Conference

    ConferenceAustralian Conference of Economists
    CountryAustralia
    CityAdelaide
    Period30/09/023/10/02

    Fingerprint

    Wealth inequality
    Future trends
    National wealth
    Distribution of wealth
    Wealth
    Simulation
    Economic modelling
    Inequality measures

    Cite this

    Kelly, S. (2002). Simulating Future Trends in Wealth Inequality. Paper presented at Australian Conference of Economists, Adelaide, Australia.
    Kelly, Simon. / Simulating Future Trends in Wealth Inequality. Paper presented at Australian Conference of Economists, Adelaide, Australia.23 p.
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    Kelly, S 2002, 'Simulating Future Trends in Wealth Inequality' Paper presented at Australian Conference of Economists, Adelaide, Australia, 30/09/02 - 3/10/02, .

    Simulating Future Trends in Wealth Inequality. / Kelly, Simon.

    2002. Paper presented at Australian Conference of Economists, Adelaide, Australia.

    Research output: Contribution to conference (non-published works)Paper

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    AB - The gap between the rich and the poor and changes in the distribution of wealth isbeing publicly debated at present. This paper contributes to this debate by providingsome historical wealth inequality measures and by taking the debate a step furtherby trying to estimate the direction in which wealth inequality will move in thefuture.In recent years, the National Centre for Social and Economic Modelling hasdeveloped a model that can simulate the accumulation of wealth over time at thefamily level. Aggregating the families provides estimates of the national distributionof wealth, both now and in the future.This paper uses the outcomes of the simulation to project future trends in wealthinequality. The results are heavily influenced by the underlying assumptions butprovide some very valuable insights into whether wealth inequality will increase ordecrease in the future.

    M3 - Paper

    ER -

    Kelly S. Simulating Future Trends in Wealth Inequality. 2002. Paper presented at Australian Conference of Economists, Adelaide, Australia.