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The income distribution function in the United States and economic applications

✍ Scribed by N. N. Kalitkin, E. G. Sin’ko


Book ID
118726446
Publisher
SP MAIK Nauka/Interperiodica
Year
2013
Tongue
English
Weight
209 KB
Volume
5
Category
Article
ISSN
2070-0482

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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