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Income risk, income mobility and welfare
Krebs, Tom; Krishna, Pravin; Maloney, William F. - Economics Research, World Bank Group - 2012
This paper develops a framework for the quantitative analysis of individual income dynamics, mobility and welfare …. Individual income is assumed to follow a stochastic process with two (unobserved) components, component representing measurement … error or transitory income shocks and an Autoregressive (AR(1)) component representing persistent changes in income. The …
Persistent link: https://www.econbiz.de/10010829524
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Black–White Differences in Intergenerational Economic Mobility in the U.S.
Mazumder, Bhashkar - In: Economic Perspectives (2014) Q I, pp. 1-18
In recent decades, blacks have experienced substantially less upward mobility and substantially more downward mobility from one generation to the next than whites. These results are shown to be highly robust to a variety of measurement issues. The author examines rates of intergenerational...
Persistent link: https://www.econbiz.de/10010765417