Income mobility, unemployment and GDP
This paper attempts to identify macroeconomic factors of income mobility. Explored is the relationship between biannual relative income mobility, the relative change in the unemployment rate and the relative change in GDP. A theoretical model is proposed which provides an explanation of the nature of this relationship. It is then verified using household budget data from the CHER database.
|Date of creation:||Feb 2003|
|Date of revision:||Oct 2003|
|Publication status:||Published in EMERGO - Journal of Transforming Economies and Societies, 2003, vol. 10, no. 3, pp. 32-43|
|Note:||Revised June 2003, October 2003|
|Contact details of provider:|| Postal: |
Phone: 00352 / 58 58 55 - 1
Fax: 00352 / 58 58 55 - 700
Web page: http://iriss.ceps.lu/
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- Canto, Olga, 2000.
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"Income Inequality and Income Mobility in the Scandinavian Countries Compared to the United States,"
168, Research Department of Statistics Norway.
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- Moshe Buchinsky & Jennifer Hunt, 1999.
"Wage Mobility In The United States,"
The Review of Economics and Statistics,
MIT Press, vol. 81(3), pages 351-368, August.
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- Lee A. Lillard & Robert J. Willis, 1976.
"Dynamic Aspects of Earnings Mobility,"
NBER Working Papers
0150, National Bureau of Economic Research, Inc.
- Schiller, Bradley R, 1977. "Relative Earnings Mobility in the United States," American Economic Review, American Economic Association, vol. 67(5), pages 926-41, December.
- Hauser, Richard & Fabig, Holger, 1999. "Labor Earnings and Household Income Mobility in Reunified Germany: A Comparison of the Eastern and Western States," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 45(3), pages 303-24, September.
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