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

Kara, Ahmet

doi:https://doi.org/10.1155/2007/71742

Discrete Dynamics in Nature and Society

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Research Article | Open Access

Volume 2007 | Article ID 071742 | https://doi.org/10.1155/2007/71742

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

Ahmet Kara¹

Received26 Jan 2007

Accepted31 Jul 2007

Published21 Nov 2007

Abstract

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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Copyright

Copyright © 2007 Ahmet Kara. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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