Comparisons of stationary distributions of linear models

Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.econlet.2013.02.024

DC Field	Value
dc.title	Comparisons of stationary distributions of linear models
dc.contributor.author	Zhu, S.
dc.date.accessioned	2016-06-01T10:13:39Z
dc.date.available	2016-06-01T10:13:39Z
dc.date.issued	2013-05
dc.identifier.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
dc.identifier.issn	01651765
dc.identifier.uri	http://scholarbank.nus.edu.sg/handle/10635/124301
dc.description.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.
dc.description.uri	http://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/j.econlet.2013.02.024
dc.source	Scopus
dc.subject	Comparisons
dc.subject	Linear models
dc.subject	Lorenz dominance
dc.subject	Stationary distributions
dc.type	Article
dc.contributor.department	ECONOMICS
dc.description.doi	10.1016/j.econlet.2013.02.024
dc.description.sourcetitle	Economics Letters
dc.description.volume	119
dc.description.issue	2
dc.description.page	221-223
dc.description.coden	ECLED
dc.identifier.isiut	000318135400029
Appears in Collections:	Staff Publications

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