Using the Panel Study of Income Dynamics, we investigate occupational and industrial mobility of individuals over the 1969-1980 and 1981-1993 periods in the U.S. We find that workers changed both occupations and industries more frequently in the later period. For example, occupational mobility...

Using PSID data for the years 1984-99, we estimate the level and severity of asset poverty. We find that despite a sharp decline in the official poverty rate, the asset poverty rate barely budged over this period. Moreover, the severity of asset poverty increased during this period. The...