Gottschalk, Peter; Spolaore, Enricco - In: Review of Economic Studies 69 (2002) 1, pp. 191-208
This paper presents a framework for the evaluation and measurement of "reversal" and "origin independence" as separate aspects of economic mobility. We show that evaluation depends on aversion to multi-period inequality, aversion to inter-temporal fluctuations, and aversion to future risk. We...