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The Distribution of Self-employment Income in the United Kingdom, 1976–1991

✍ Scribed by Simon C. Parker

Book ID
110726172
Publisher
John Wiley and Sons
Year
1997
Tongue
English
Weight
233 KB
Volume
107
Category
Article
ISSN
0013-0133

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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