Faia, Ester; Kudlyak, Marianna; Shabalina, Ekaterina - 2021
's response to shocks and for the dynamics of inequality. We introduce occupational mobility, through a random choice model with … specialization of the production function. The model matches well the statistics on income and wealth inequality, and the patterns of … task encroaching on income and wealth inequality. We apply the model to the pandemic recession by adding an SIR block with …