Comparisons of stationary distributions of linear models

C-Tier
Journal: Economics Letters
Year: 2013
Volume: 119
Issue: 2
Pages: 221-223

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In this note, I compare stationary distributions of the linear model Xn+1=anXn+bn, where an and bn are non-negative random variables. I show that an increase of the variability of an and/or bn causes a less equal stationary distribution in terms of the Lorenz dominance. The result is useful in studies of wealth and income distributions.

Technical Details

RePEc Handle
repec:eee:ecolet:v:119:y:2013:i:2:p:221-223
Journal Field
General
Author Count
1
Added to Database
2026-01-29