Is the inequality of lifetime wealth a random walk?

A simple model is presented which predicts that the inequality of lifetime wealth is a bounded random walk process. Empirical support for the model is found using UK data for 1970-94.

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Year of publication:	1998
Authors:	Parker, Simon
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 5.1998, 8, p. 523-525
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009195996