74 citations · 880 across the 39 of their papers we have counts for
Showing econ.GNShow all
2 papers · 1 filter
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…