Revisiting r>g-The asymptotic dynamics of wealth inequality

Studying the underlying mechanisms of wealth inequality dynamics is essential for its understanding and for policy aiming to regulate its level. We apply a heterogeneous non-interacting agent-based modeling approach, solved using iterated maps to model the dynamics of wealth inequality based on 3 parameters-the economic output growth rate g, the capital value change rate a and the personal savings rate s and show that for ag, the wealth distribution constantly becomes more and more inegalitarian. We also show that when a