Can Rising Consumption Deepen Inequality? (opens in new tab)

arXiv:2601.15537v2 Announce Type: replace-cross Abstract: The impact of rising consumption on wealth inequality remains an open question. Here we revisit and extend the Social Architecture of Capitalism agent-based model proposed by Ian Wright, which reproduces stylized facts of wealth and income distributions. In a previous study, we demonstrated that the macroscopic behavior of the model is predominantly governed by a single dimensionless parameter, the ratio between average wealth per capi...