Discrete stochastic dynamics of income inequality in education: An applied stochastic model and a case study
Discrete Dynamics in Nature and Society, cilt.2007, sa.1, 2007 (SCI-Expanded, Scopus)
- 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.