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Income distribution and exchange in a dynamic search model

✍ Scribed by Ensar Yilmaz; Burak Ünveren

Book ID
113664450
Publisher
Elsevier Science
Year
2011
Tongue
English
Weight
262 KB
Volume
20
Category
Article
ISSN
1059-0560

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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