Bibi, Sami; Duclos, Jean-Yves; Araar, Abdelkrim - In: Social Choice and Welfare 42 (2014) 3, pp. 503-527
Income mobility is often thought to equalize permanent incomes and thereby to improve social welfare. The welfare analysis of mobility often fails, however, to account for the cost of the variability of periodic incomes around permanent incomes. This paper assesses the net welfare benefit of...