This paper studies short-run wealth mobility in a heterogeneous agents, incomplete-markets model. Wealth mobility has a … wealth mobility than found in the PSID wealth supplements. We include features commonly used in the literature to capture … wealth inequality and find that they do little to improve the model's performance for wealth mobility. Finally, we introduce …

Purpose A growing body of literature shows how intragenerational occupational mobility affects economic dynamics and … structured literature reviews and network science to reveal the segmented research landscape of occupational mobility literature … mathematical modeling to understand the relationship between skills and mobility. Nevertheless, it cannot explain social …