Title   name
2018 KAIST Math. Colloquium
 
  Title
  Speaker   김지희  
  Date 2018-11-22
  Host
  Place KAIST
  File  의 1 번째 Real Media 동영상입니다.
 
Abstract : This talk introduces one of surprising empirical regularities observed in economics: Pareto distributions are everywhere. Wealth and income, the size of cities and firms, stock market returns, to list but a few, are all known to follow a Pareto distribution. I first highlight key empirical facts and describe some economic theories that have been proposed to explain the regularity. To be more specific, I will put emphasis on inequality in income distributions. A simple mechanism as well as more complex random growth models that give rise to Pareto distributions will be discussed to explore dynamics of income inequality.