Matches in SemOpenAlex for { <https://semopenalex.org/work/W4386006593> ?p ?o ?g. }
- W4386006593 endingPage "113921" @default.
- W4386006593 startingPage "113921" @default.
- W4386006593 abstract "Detailed knowledge of individual income dynamics is one essential ingredient for investigating the existence of the American dream, pertinent to the question Are we able to improve our income status during our working life? This key question simply boils down to observing individual status and how it moves between two thresholds: the current income and the desired income. Yet, our knowledge of these temporal properties of income remains limited since we rely on estimates coming from transition matrices which simplify income dynamics by aggregating the individual changes into quantiles and thus overlooking significant microscopic variations. Here, we bridge this gap by employing First Passage Time concepts in a baseline stochastic process with resetting used for modeling income dynamics and developing a framework that is able to crucially disaggregate the temporal properties of income to the level of an individual worker. We find analytically and illustrate numerically that our framework is orthogonal to the transition matrix approach and leads to improved and more granular estimates. Moreover, to facilitate potential empirical applications of the framework, we introduce a statistical methodology, and showcase the application using the USA income dynamics data. These results help to improve our understanding on the temporal properties of income in real economies and could potentially provide a set of tools for designing policy interventions." @default.
- W4386006593 created "2023-08-20" @default.
- W4386006593 creator A5016705181 @default.
- W4386006593 creator A5028515169 @default.
- W4386006593 creator A5032431543 @default.
- W4386006593 creator A5044662930 @default.
- W4386006593 creator A5053976837 @default.
- W4386006593 creator A5088837732 @default.
- W4386006593 date "2023-10-01" @default.
- W4386006593 modified "2023-10-07" @default.
- W4386006593 title "A first passage under resetting approach to income dynamics" @default.
- W4386006593 cites W1514149482 @default.
- W4386006593 cites W1964062850 @default.
- W4386006593 cites W1970162248 @default.
- W4386006593 cites W1977079737 @default.
- W4386006593 cites W1982692701 @default.
- W4386006593 cites W1984177859 @default.
- W4386006593 cites W1990580613 @default.
- W4386006593 cites W1993616033 @default.
- W4386006593 cites W2015903886 @default.
- W4386006593 cites W2024661301 @default.
- W4386006593 cites W2060837192 @default.
- W4386006593 cites W2062728655 @default.
- W4386006593 cites W2122216841 @default.
- W4386006593 cites W2129197979 @default.
- W4386006593 cites W2134704368 @default.
- W4386006593 cites W2148474709 @default.
- W4386006593 cites W2162660981 @default.
- W4386006593 cites W2168586324 @default.
- W4386006593 cites W2193821357 @default.
- W4386006593 cites W2220356059 @default.
- W4386006593 cites W2320235279 @default.
- W4386006593 cites W2320409419 @default.
- W4386006593 cites W2486387419 @default.
- W4386006593 cites W2585547064 @default.
- W4386006593 cites W2730852913 @default.
- W4386006593 cites W2749426257 @default.
- W4386006593 cites W2800247226 @default.
- W4386006593 cites W2898915016 @default.
- W4386006593 cites W2945994215 @default.
- W4386006593 cites W2955018254 @default.
- W4386006593 cites W3010636260 @default.
- W4386006593 cites W3096436663 @default.
- W4386006593 cites W3101175373 @default.
- W4386006593 cites W3121947911 @default.
- W4386006593 cites W3125083399 @default.
- W4386006593 cites W3150042230 @default.
- W4386006593 cites W3160094684 @default.
- W4386006593 cites W3197196311 @default.
- W4386006593 cites W3210734787 @default.
- W4386006593 cites W4210798465 @default.
- W4386006593 cites W4220692802 @default.
- W4386006593 cites W4226149433 @default.
- W4386006593 cites W4297995956 @default.
- W4386006593 cites W4364361598 @default.
- W4386006593 doi "https://doi.org/10.1016/j.chaos.2023.113921" @default.
- W4386006593 hasPublicationYear "2023" @default.
- W4386006593 type Work @default.
- W4386006593 citedByCount "1" @default.
- W4386006593 countsByYear W43860065932023 @default.
- W4386006593 crossrefType "journal-article" @default.
- W4386006593 hasAuthorship W4386006593A5016705181 @default.
- W4386006593 hasAuthorship W4386006593A5028515169 @default.
- W4386006593 hasAuthorship W4386006593A5032431543 @default.
- W4386006593 hasAuthorship W4386006593A5044662930 @default.
- W4386006593 hasAuthorship W4386006593A5053976837 @default.
- W4386006593 hasAuthorship W4386006593A5088837732 @default.
- W4386006593 hasConcept C111919701 @default.
- W4386006593 hasConcept C144024400 @default.
- W4386006593 hasConcept C145912823 @default.
- W4386006593 hasConcept C149782125 @default.
- W4386006593 hasConcept C162324750 @default.
- W4386006593 hasConcept C19417346 @default.
- W4386006593 hasConcept C26517878 @default.
- W4386006593 hasConcept C38652104 @default.
- W4386006593 hasConcept C41008148 @default.
- W4386006593 hasConcept C98045186 @default.
- W4386006593 hasConceptScore W4386006593C111919701 @default.
- W4386006593 hasConceptScore W4386006593C144024400 @default.
- W4386006593 hasConceptScore W4386006593C145912823 @default.
- W4386006593 hasConceptScore W4386006593C149782125 @default.
- W4386006593 hasConceptScore W4386006593C162324750 @default.
- W4386006593 hasConceptScore W4386006593C19417346 @default.
- W4386006593 hasConceptScore W4386006593C26517878 @default.
- W4386006593 hasConceptScore W4386006593C38652104 @default.
- W4386006593 hasConceptScore W4386006593C41008148 @default.
- W4386006593 hasConceptScore W4386006593C98045186 @default.
- W4386006593 hasFunder F4320308269 @default.
- W4386006593 hasFunder F4320320719 @default.
- W4386006593 hasFunder F4320320768 @default.
- W4386006593 hasFunder F4320320879 @default.
- W4386006593 hasFunder F4320332035 @default.
- W4386006593 hasFunder F4320334771 @default.
- W4386006593 hasLocation W43860065931 @default.
- W4386006593 hasOpenAccess W4386006593 @default.
- W4386006593 hasPrimaryLocation W43860065931 @default.
- W4386006593 hasRelatedWork W1502198272 @default.
- W4386006593 hasRelatedWork W2017540542 @default.