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Comparing the top and the bottom income earners: Distribution of income and taxes in the United States

✍ Scribed by Govind S. Iyer; Peggy Jimenez; Philip M.J. Reckers

Book ID: 116592138
Publisher: Elsevier Science
Year: 2012
Tongue: English
Weight: 257 KB
Volume: 31
Category: Article
ISSN: 0278-4254
DOI: 10.1016/j.jaccpubpol.2012.02.001

No coin nor oath required. For personal study only.

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## Abstract In this paper, we propose a model of income dynamics which takes account of mobility both within and between jobs. The model is a hybrid of the mover‐stayer model of income dynamics and a geometric random walk. In any period, individuals face a discrete probability of ‘moving’, in which