Davies, James B.; Zhang, Jie; Zeng, Jinli - Department of Economics, National University of Singapore - 2003
parental time. In steady -states more mobile societies have less inequality, but in the short-run higher mobility may result … from an increase in inequality. Starting from the same inequality, mobility is higher under public than under private … education. A rise in income shocks, for example due to increased returns to ability, or a switch from public to private …