Discrete Stochastic Dynamics of Income Inequality in Education: An Applied Stochastic Model and a Case Study

Ahmet Kara

Discrete Dynamics in Nature and Society, 2007, vol. 2007, 1-15

Abstract:

This paper develops a model for the discrete stochastic dynamics of economic inequality-induced outcomes in education and demonstrates, in the context of the Turkish higher education sector, that higher incomes lead to higher performance levels; and hence income inequality matters. The paper formulates a stochastic subsidy policy that could help the sector to escape the low performance equilibria, and that could stabilize the sector at relatively higher performance levels.

Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jnddns:071742

DOI: 10.1155/2007/71742

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