Bibi, Sami; Duclos, Jean-Yves; Araar, Abdelkrim - 2011
Income mobility is often thought to equalize permanent incomes and thereby to improve social welfare. The welfare … incomes. This paper assesses the net welfare benefit of mobility by assuming both a social aversion to inequality in permanent … we use. Globally, the net social welfare effect of both mobility and taxation is (almost always) positive and substantial …