support a large aging dependent population, including better education, and greater mobility providing access to employment …

pure effect of economic growth, a mobility effect and a cost due to aversion to time fluctuations given individuals' ranks … in the income distribution. The mobility effect, generated by reranking in the income distribution has two components: a … mobility due to the increase in time fluctuations of individual income streams, the net effect of mobility remains positive. In …

support a large aging dependent population, including better education, and greater mobility providing access to employment …

life, regardless of their family background. Policies that promote social mobility include improving access to high …

within the income distribution. We quantify absolute mobility as the fraction of families with higher income over a period of … several years. The rates of absolute mobility over periods of two to four years are procyclical and are largely confined … within 45%-55%. We also find that absolute mobility decreases with income. Individuals and families occupying the lower ranks …