This paper draws on the first four waves of data of the British Household Panel Survey (BHPS) to analyse the statics and dynamics of the earnings distribution in the early nineties. Motivated by the wide range of concerns which mobility is viewed to serve, I analyse mobility under three complementary headings: (i) predictability or state dependence; (ii) movement; and (iii) welfare implications; and find that mobility is rather low. When mobility is modelled as a discrete stochastic process, earnings are best described by a second order Markov chain.
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Paper provided by Institute for Social and Economic Research in its series ISER working papers with number
1999-08.
Length: 47 Date of creation: 17 Apr 2003 Date of revision: Publication status: published Handle: RePEc:ese:iserwp:1999-08
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