consumption-saving model with labor income risk and incomplete markets to relate income dynamics to consumption and welfare, and … income process. The empirical application of our framework using data on individual incomes from Mexico provides striking …) welfare-neutral. A smaller part of measured income mobility is due to either welfare-reducing income risk or welfare …

economies: Argentina, Mexico, and Venezuela. We ask whether those individuals who start in the best economic position are those … for the divergent mobility hypothesis in scattered years in the cases of Mexico and Venezuela, and no support at all in …

several countries, spanning different income levels and geographical regions perform well under various deviations from model …

We examine how intergenerational income mobility responds to structural changes in a simple theoretical model of …

economies: Argentina, Mexico, and Venezuela. We askwhether those individuals who start in the best economic position are those …

This paper analyses the duration of child poverty in Germany. In our sample, we observe the entire income history from …