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

Although many studies show that Korea's income mobility is declining, it is difficult to draw organized information … income mobility in Korea, this study categorizes the mobility concept using two dimensions: absolute vs. relative and within …-generation vs. between-generations. The normative validity is clearer for intergenerational income mobility than in the …

that the choices of the proposers and the responders are consistent with social identity theory (higher offers and lower … proportion of income) also decline by almost the same amount, suggesting shared understanding that is characteristic of social …

There is much evidence that relative income concern reduces subjective wellbeing and raises labour supply - "keeping up …

We evaluate the income elasticity of the aggregate budget share spent on a sub-group of commodities, in a competitive … framework, by a continuum of agents having the same income, but heterogeneous behavior described by an "homothetic preferences … the logarithm of the heterogeneity factor has an increasing (exponential) density with a large support. Aggregate income …