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UNIT CONSISTENCY AND BIPOLARIZATION OF INCOME DISTRIBUTIONS

✍ Scribed by Ma Casilda Lasso de la Vega; Ana Urrutia; Henar Díez

Book ID
111211711
Publisher
John Wiley and Sons
Year
2010
Tongue
English
Weight
332 KB
Volume
56
Category
Article
ISSN
0034-6586

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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