Welfare Distributional Change and the Measurement of Social Mobility
AbstractA new approach to the measurement of welfare distributional change and social mobility is developed. The novel feature of this model is the use of price dependent measures of individual and social welfare in evaluating t he magnitude and direction of the movement in the distribution. In addition, the proposed indexes of mobility are decomposed into the sum of between-group and w ithin-group mobility. Each measure is implemented for the United States over the period 1947-1982. It is found that in each year society is upwardly mobile rela tive to the 1947 distribution. Copyright 1986 by MIT Press.
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Bibliographic InfoArticle provided by MIT Press in its journal Review of Economics & Statistics.
Volume (Year): 68 (1986)
Issue (Month): 4 (November)
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- Krebs, Tom & Krishna, Pravin & Maloney, William F., 2013.
"Income Mobility and Welfare,"
13-02, University of Mannheim, Department of Economics.
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