Income Mobility and Mixing in North Macedonia
| Title: | Income Mobility and Mixing in North Macedonia |
|---|---|
| Authors: | Stojkoski, Viktor, Mitikj, Sonja, Trpkova-Nestorovska, Marija, Tevdovski, Dragan |
| Publication Year: | 2023 |
| Collection: | Condensed Matter Quantitative Finance |
| Subject Terms: | Economics - General Economics, Condensed Matter - Statistical Mechanics |
| More Details: | This study presents the inaugural analysis of income mobility in North Macedonia from 1995-2021 using the Mixing Time and Mean First Passage Time (MFPT) metrics. We document larger mobility (in terms of Mixing Time) during the '90s, with and decreasing trend (in terms of mobility) until 1999. After this year the Mixing time has been consistent with a value of around 4 years. Using the MFPT, we highlight the evolving challenges individuals face when aspiring to higher income tiers. Namely, we show that there was a noticeable upward trend in MFPT from 1995 to 2006, a subsequent decline until 2017, and then an ascent again, peaking in 2021. These findings provide a foundational perspective on the income mobility in North Macedonia. Comment: Research in progress to appear at the 4th International Scientific Conference on "Economic and Business Trends Shaping the Future" |
| Document Type: | Working Paper |
| Access URL: | http://arxiv.org/abs/2309.17268 |
| Accession Number: | edsarx.2309.17268 |
| Database: | arXiv |
| Description not available. |