Discrete Stochastic Dynamics of Income Inequality in Education: An Applied Stochastic Model and a Case Study | Zendy

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Discrete Stochastic Dynamics of Income Inequality in Education: An Applied Stochastic Model and a Case Study

Author(s) -

Ahmet Kara

Publication year - 2007

Publication title -

discrete dynamics in nature and society

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.264

H-Index - 39

eISSN - 1607-887X

pISSN - 1026-0226

DOI - 10.1155/2007/71742

Subject(s) - inequality , context (archaeology) , economics , subsidy , turkish , dynamics (music) , econometrics , stochastic modelling , higher education , economic inequality , mathematics , economic growth , sociology , geography , finance , mathematical analysis , pedagogy , linguistics , philosophy , archaeology , market economy

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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