EDUCATED GUESSES AND INCOME-DISTRIBUTION

Authors
LEUNG CKY
Citation
Cky. Leung, EDUCATED GUESSES AND INCOME-DISTRIBUTION, Economics letters, 48(2), 1995, pp. 173-177
Citations number
9
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
48
Issue
2
Year of publication
1995
Pages
173 - 177
Database
ISI
SICI code
0165-1765(1995)48:2<173:EGAI>2.0.ZU;2-5
Abstract
The matching of jobs and workers depends on the level of knowledge in the economy. In this paper, a natural 'threshold' arises and hence the re are two possible steady states asymptotically.