Document Type

Conference Paper

Publication Date

2023

DOI

10.56177/11icmie2023.41

Publication Title

International Conference of Management and Industrial Engineering

Volume

11

Pages

409-416

Conference Name

11th International Conference of Management and Industrial Engineering, November 16-17, Bucharest, Romania

Abstract

The interconnectedness of social mood, changing dynamics, income inequality, and wealth distribution underscores the complexity of understanding and addressing these issues. This complexity inspires researchers to develop models and conduct further research to gain insights into the mechanisms driving income inequality and wealth distribution. By studying these phenomena more comprehensively, one can aim to develop strategies and policies that promote a more equitable distribution of wealth and opportunities, thereby fostering social stability and economic prosperity. In the present paper, there was build a model on wealth distribution and income inequality to help people understand the complexities of wealth inequality and how economic policies can influence the distribution of resources within a society. By stimulating economic activities and implementing policy interventions, the model provides insights into the factors that contribute to wealth disparities and explores potential solutions for more equitable wealth distribution.

Rights

© 2023 International Conference of Management and Industrial Engineering.

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) License.

ORCID

0000-0003-2830-675X (Gheorghe)

Original Publication Citation

Berns, D., Sun, P., & Gheorghe, A. V. (2023). Modeling wealth distribution in a society. International Conference of Management and Industrial Engineering, 11, 409-416. https://doi.org/10.56177/11icmie2023.41

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