Aaberge, Rolf; Mogstad, Magne - Statistisk Sentralbyrå, Government of Norway - 2014
Do market-orientated economies with relatively large cross-sectional levels of inequality have higher income mobility … and therefore less permanent inequality? To answer this question, we introduce a formal representation of income mobility … as an equalizer of permanent income. The proposed representation is called a mobility curve and forms the basis for …