Comparing inequality and mobility in linear models: Comment

Christian Di Pietro and Marco Sorge

Economics Letters, 2018, vol. 172, issue C, 56-58

Abstract: This comment shows that Peng (2018)’s Theorem 2 requires amendment. A new set of (relatively stricter) assumptions is provided, under which Peng (2018)’s findings –in particular, the asymmetric impact of capital and income risk on wealth mobility –hold true, and the approach developed therein proves suited for comparing stationary distributions of linear stochastic models.

Keywords: Inequality; Mobility; Stochastic orders; Wealth (search for similar items in EconPapers)
JEL-codes: D31 D63 J62 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:172:y:2018:i:c:p:56-58

DOI: 10.1016/j.econlet.2018.08.025

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