Researchers release empirical study on the wealth-to-wage ratio and economic inequality
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Jhordan Silveira de Borba, Sebastian Gonçalves, and Celia Anteneodo released an empirical study measuring the wealth-to-wage ratio R using World Inequality Database and OECD data, verifying that R is positively correlated with economic inequality as measured by the Gini coefficient, with higher R corresponding to greater inequality. This positive correlation is most pronounced in mature advanced economies. The study also notes that differences in data definitions and measurement practices across countries and time periods limit the applicability of the indicator.
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- arXiv q-finWealth-to-Wage Ratio: A Simple Indicator for Measuring Inequality
Agent-based simulation research based on the capitalist economic model proposed by Ian Wright shows that the ratio R of average per capita wealth to average wage is the core parameter determining the degree of wealth and income distribution inequality; a higher R value corresponds to a higher level of inequality measured by the Gini coefficient.
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