Abstract
The analysis of distributions is central to search and matching models. Wage distributions are a central concern but distributions of productivities, fi?rm types, human capital, entitlement to unemployment benefi?ts and wealth become increasingly important. We present a method - the Fokker-Planck equations - which allows to describe and analyse the dynamics of distributions in a very general way. We illustrate this approach by analysing optimal saving of risk-averse households in a frictional labour market. Our Fokker-Planck equations describe the evolution of the joint distribution of labour market status and wealth. A very intuitive interpretation is provided.
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CITATION STYLE
Leite, M., Pereira, A., Souza, A., Andrade, P., Barbosa, M., Andreote, F., … Sobral, J. (2018). Potentially Diazotrophic Endophytic Bacteria Associated to Sugarcane are Effective in Plant Growth-promotion. Journal of Experimental Agriculture International, 21(3), 1–15. https://doi.org/10.9734/jeai/2018/39963
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