In the last decade, a large body of literature has been developed to explain the universal features of inequality in terms of income and wealth. By now, it is established that the distributions of income and wealth in various economies show a number of statistical regularities. There are several models to explain such static features of inequality in an unifying framework and the kinetic exchan...

Abstract We propose a method to carry out an inequality assessment in dynamic and cross-sectional framework, by applying the version of suitable index, such as Gini coefficient, function time. use our methodology setup where optimal value functions is individuals’ income flows while initial conditions characterize their level wealth. When Hamilton–Jacobi–Bellman system equations can be solved c...

In a previous paper, we showed how classical ideas for dynamic programming in discrete networks can be adapted to hybrid systems. The approach is based on discretization of the continuous Bellman inequality which gives a lower bound on the optimal cost. The lower bound is maximized by linear programming to get an approximation of the optimal solution. In this paper, we apply ideas from infinite...

This paper attempts to understand the forces that have lead to persistent racial wage inequality by developing a dynamic model of statistical discrimination that accounts for the transmission of earnings across generations. The parameters of this model are then estimated using data from the 1970 and 1990 U.S. Census. The results indicate that racial disparities in the quality of information tha...

Previous articleNext article No AccessDynamic Bank Expansion: Spatial Growth, Financial Access, and InequalityYan Ji, Songyuan Teng, Robert M. TownsendYan Ji Search for more articles by this author , Teng Townsend PDFPDF PLUS Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinkedInRedditEmail SectionsMoreDetailsFiguresReferencesCited Journal of Politic...

By using the generalized Riccati transformation and the inequality technique, we establish a oscillation criterion for certain non-linear secondorder dynamic equations with damping on a time scale.

This paper describes the robust output feedback ∞ H fuzzy control design for a class of nonlinear stochastic systems. The system dynamic is modelled by type ô It − stochastic differential equations. For general nonlinear stochastic systems, the ∞ H ontrol can be obtained by solving a second-order nonlinear Hamilton-Jacobi inequality. In general, it is difficult to solve the second-order nonline...

In a three player dynamic public goods experiment, social output today determines production possibilities tomorrow. In each period, players choose to sabotage, to co-operate, or to play best response. Sabotage harms social output and growth. Mutual co-operation maximises both. The property rights to social output are distributed unequally. Extent and skew of inequality are varied. Empirical st...

This paper shows that growth and income distribution dynamics are closely linked through occupation, financial intermediation, and education. We use the micro data from Thailand for 1976-1996. The compositional changes across these characteristics account for half of the Thai inequality increase and forty percent of the Thai growth and poverty reduction. Financial deepening and educational expa...