What Lies Behind Income Mobility? Reranking and Distributional Change in Belgium, Western Germany and the USA
The paper presents a decomposition of income mobility indices into two basic sources: Mobility induced by a change of the income distribution shape and mobility induced by a re-ordering of individuals in the income pecking order. The decomposition procedure based on counterfactual distributions results in a decomposition that is applicable to a broad class of mobility measures. Application to income indices with data for Belgium, Western Germany and the USA indicates that reranking has been the major force behind income mobility.
|Date of creation:||Feb 2003|
|Publication status:||Published in Economica, 2004, vol.71, pp.223-239|
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