Modelling income processes with lots of heterogeneity.
All empirical models of earnings processes in the literature assume a good deal of homogeneity. In contrast to this we model earnings processes allowing for lots of heterogeneity between agents. We also introduce an ex- tension to the linear ARMA model that allows that the initial convergence to the...
| Główni autorzy: | , , |
|---|---|
| Format: | Journal article |
| Język: | English |
| Wydane: |
2010
|