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Income and Wealth Mobility among the Wealthiest: The Case of Income Tax Filers in Colombia

Author

Listed:
  • Alejandro Montoya Castano

    (Grupo de Microeconomía Aplicada, Universidad de Antioquia)

  • Luis Fernando Gamboa Niño

    (Adjunct Professor Department of Economics, Pontificia Universidad Javeriana)

  • Luis Carlos Reyes

    (Associate Professor Department of Economics, Pontificia Universidad Javeriana)

Abstract

This article examines income and wealth mobility, as well as changes in income inequality in Colombia from 2014 to 2022, with particular emphasis on gender and taxation. Given that Colombia is characterized by one of the highest levels of income inequality globally, economic mobility emerges as a crucial issue for analysis. Our results suggest that there is a dual nature of economic mobility. On the one hand, there is significant income mobility, indicating that within less than a decade, individuals are likely to move from the bottom to the top income percentiles. On the other hand, this mobility does not effectively reduce income inequality or gender disparities. Specifically, income mobility is more pronounced among men, who experienced higher gains or milder losses and are overrepresented in the top income percentiles. Taxation appears to have a limited impact in mitigating income inequality, suggesting the need for further research in this area

Suggested Citation

  • Alejandro Montoya Castano & Luis Fernando Gamboa Niño & Luis Carlos Reyes, 2025. "Income and Wealth Mobility among the Wealthiest: The Case of Income Tax Filers in Colombia," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 104, pages 113-145, November.
    • Handle: RePEc:lde:journl:y:2025:i:104:p:113-145
    DOI: 10.17533/udea.le.n104a359194
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    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies

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