Discrete stochastic dynamics of income inequality in education: An applied stochastic model and a case study

Kara A.

Discrete Dynamics in Nature and Society, cilt.2007, sa.1, 2007 (SCI-Expanded) identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 2007 Sayı: 1
  • Basım Tarihi: 2007
  • Doi Numarası: 10.1155/2007/71742
  • Dergi Adı: Discrete Dynamics in Nature and Society
  • Derginin Tarandığı İndeksler: Science Citation Index Expanded (SCI-EXPANDED), Scopus
  • İstanbul Ticaret Üniversitesi Adresli: Hayır

Özet

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.