Discrete Stochastic Dynamics of Income Inequality in Education: An Applied Stochastic Model and a Case Study
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 for...
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| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2007-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2007/71742 |
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| Summary: | 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. |
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| ISSN: | 1026-0226 1607-887X |