This is cool. One pet project that I want to do (one day...) is to generate what a wealth distribution graph based on answers to a questionnaire such as:
- How much more should a 50 year old earn more than a 20 year old on average ideally?
- How much should the lifetime earning of someone holding a PhD be over someone with only a high school degree - there should be at least some premium for going through extra years of school right?
- What's a reasonable amount of inequality due to people choosing a career in which they will be happier, at some cost to the paycheck?
- Should people be allowed to work more (e.g. 50h/week) if they wish? This will increase inequality.
- etc
A lot of those questions would be very difficult to model, but I bet the graph would look a lot more inequal at the end than most people envision their "ideal" graph to look like (which is shown in this classic video on wealth distribution: https://www.youtube.com/watch?v=QPKKQnijnsM)
Comments
This is cool. One pet project that I want to do (one day...) is to generate what a wealth distribution graph based on answers to a questionnaire such as:
- How much more should a 50 year old earn more than a 20 year old on average ideally? - How much should the lifetime earning of someone holding a PhD be over someone with only a high school degree - there should be at least some premium for going through extra years of school right? - What's a reasonable amount of inequality due to people choosing a career in which they will be happier, at some cost to the paycheck? - Should people be allowed to work more (e.g. 50h/week) if they wish? This will increase inequality. - etc
A lot of those questions would be very difficult to model, but I bet the graph would look a lot more inequal at the end than most people envision their "ideal" graph to look like (which is shown in this classic video on wealth distribution: https://www.youtube.com/watch?v=QPKKQnijnsM)