AUTHOR=Gere István , Kelemen Szabolcs , Biró Tamás S. , Néda Zoltán 

TITLE=Wealth Distribution in Villages. Transition From Socialism to Capitalism in View of Exhaustive Wealth Data and a Master Equation Approach

JOURNAL=Frontiers in Physics

VOLUME=10

YEAR=2022

URL=https://www.frontiersin.org/journals/physics/articles/10.3389/fphy.2022.827143

DOI=10.3389/fphy.2022.827143

ISSN=2296-424X

ABSTRACT=<p>Socio-economic inequalities derived from an exhaustive wealth distribution is studied in a closed geographical region from Transylvania (Romania). Exhaustive wealth data is computed from the agricultural records of the Sancraiu commune for three different economic periods. The data is spanning two different periods from the communist economy and gives a glance to the present situation after 31 years of free market economy in Romania. The local growth and reset model based on an analytically solvable master equation is used to describe the observed data. The model with realistically chosen growth and reset rates is successful in describing both the experimentally observed distributions and the inequality indexes (Lorenz curve, Gini coefficient, and Pareto point) derived from this data. The observed changes in the inequality measures are discussed in the context of the relevant socio-economic conditions.</p>