TY - JOUR
T1 - The meaning and measurement of income mobility
AU - Fields, Gary S.
AU - Ok, Efe A.
PY - 1996/11
Y1 - 1996/11
N2 - Income mobility may be seen as arising from two sources: (i) the transfer of income among individuals with total income held constant, and (ii) a change in the total amount of income available. In this paper, we propose several sensible properties defining the concept of income mobility and show that an easily applicable measure of mobility is uniquely implied by these properties. We also show that the resulting measure is additively decomposable into the two sources listed above, namely, mobility due to the transfer of income within a given structure and mobility due to economic growth or contraction. Finally, these results are compared and contrasted with other mobility concepts and measures in the literature. Journal of Economic Literature. Classification Numbers: D31, D63.
AB - Income mobility may be seen as arising from two sources: (i) the transfer of income among individuals with total income held constant, and (ii) a change in the total amount of income available. In this paper, we propose several sensible properties defining the concept of income mobility and show that an easily applicable measure of mobility is uniquely implied by these properties. We also show that the resulting measure is additively decomposable into the two sources listed above, namely, mobility due to the transfer of income within a given structure and mobility due to economic growth or contraction. Finally, these results are compared and contrasted with other mobility concepts and measures in the literature. Journal of Economic Literature. Classification Numbers: D31, D63.
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U2 - 10.1006/jeth.1996.0125
DO - 10.1006/jeth.1996.0125
M3 - Article
AN - SCOPUS:0030295913
SN - 0022-0531
VL - 71
SP - 349
EP - 377
JO - Journal of Economic Theory
JF - Journal of Economic Theory
IS - 2
ER -