This paper develops a framework for the quantitative analysis of individual income dynamics, mobility and welfare …. Individual income is assumed to follow a stochastic process with two (unobserved) components, an i.i.d. component representing … measurement error or transitory income shocks and an AR(1) component representing persistent changes in income. We use a tractable …

This paper examines income mobility in developing countries. We start by synthesizing findings from the available … panels constructed from cross-section data. We echo earlier literature in pointing to substantial movement across income …

This paper proposes a two-step aggregation method for measuring long-term income inequality and income mobility, where … mobility is defined as an equalizer of long-term income. The first step consists of aggregating the income stream of each … individual into a measure of permanent income, which accounts for the costs associated with income fluctuations and allows for …

poor are really maxims regarding the nature of stochastic processes that underlay the income/wellbeing paths of groups of …. Various forms of poverty, inequality, polarization and income mobility structures are considered and much of the conventional …

poor are really maxims regarding the nature of stochastic processes that underlay the income/wellbeing paths of groups of …. Various forms of poverty, inequality, polarization and income mobility structures are considered and much of the conventional …

This paper proposes a two-step aggregation method for measuring long-term income inequality and income mobility, where … mobility is defined as an equalizer of long-term income. First, the income stream of each individual is aggregated into a … measure of permanent income, which accounts for the costs associated with income fluctuations. Consequently, mobility will …

Popular discussion of income and wealth distribution tend to focus on snapshots of distribution at a given moment in … time, making it appear more unequal than it really is. This paper looks at mobility in and out of income and wealth …

This paper proposes a two-step aggregation method for measuring long-term income inequality and income mobility, where … mobility is defined as an equalizer of long-term income. The first step consists of aggregating the income stream of each … individual into a measure of permanent income, which accounts for the costs associated with income fluctuations and allows for …