Is the inequality of lifetime wealth a random walk?

Simon Parker ()

Applied Economics Letters, 1998, vol. 5, issue 8, 523-525

Abstract: 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.

Date: 1998
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DOI: 10.1080/135048598354474

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