Torul, Orhan; Oztunalı, Oguz - In: Central Bank Review (CBR) 18 (2018) 3, pp. 95-106
In this paper, we study Turkey's income and wealth distribution using a model-based approach via a modified Aiyagari (1994) model. In doing so, we use recent parameter estimates for Turkey and calibrate our model to match Turkey's income and wealth inequality measures. We document that our...