393 citations · 3.5k across the 50 of their papers we have counts for
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econ.GN2022
The fate of the American dream: A first passage under resetting approach to income dynamics
Petar Jolakoski, Arnab Pal, Trifce Sandev +3
Detailed knowledge of individual income dynamics is crucial for investigating the existence of the American dream: Are we able to improve our income status during our working life?…
econ.GN2021★ 53 cited
Income inequality and mobility in geometric Brownian motion with stochastic resetting: theoretical results and empirical evidence of non-ergodicity
Viktor Stojkoski, Petar Jolakoski, Arnab Pal +3
We explore the role of non-ergodicity in the relationship between income inequality, the extent of concentration in the income distribution, and mobility, the feasibility of an ind…