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https://doi.org/10.1016/j.econlet.2013.02.024
| Title: | Comparisons of stationary distributions of linear models | Authors: | Zhu, S. | Keywords: | Comparisons Linear models Lorenz dominance Stationary distributions |
Issue Date: | May-2013 | Citation: | Zhu, S. (2013-05). Comparisons of stationary distributions of linear models. Economics Letters 119 (2) : 221-223. ScholarBank@NUS Repository. https://doi.org/10.1016/j.econlet.2013.02.024 | 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. © 2013 Elsevier B.V. | Source Title: | Economics Letters | URI: | http://scholarbank.nus.edu.sg/handle/10635/124301 | ISSN: | 01651765 | DOI: | 10.1016/j.econlet.2013.02.024 |
| Appears in Collections: | Staff Publications |
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