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| 2018 KAIST Math. Colloquium |
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Title |
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Speaker |
김지희
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Date |
2018-11-22 |
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Host |
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Place |
KAIST |
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 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. |
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