## 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 moverβstayer model of income dynamics and a geometric random walk. In any period, individuals face a discrete probability of βmovingβ, in which
The distribution of income in a despotic society
β Scribed by D. Usher; M. Engineer
- Publisher
- Springer US
- Year
- 1987
- Tongue
- English
- Weight
- 897 KB
- Volume
- 54
- Category
- Article
- ISSN
- 0048-5829
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