On the characterization and economic evaluation of income mobility as a process of distributional change. / Allanson, Paul Francis.
In: Journal of Economic Inequality, Vol. 10, No. 4, 12.2012, p. 505-528.Research output: Contribution to journal › Article
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TY - JOUR
T1 - On the characterization and economic evaluation of income mobility as a process of distributional change
A1 - Allanson,Paul Francis
AU - Allanson,Paul Francis
PY - 2012/12
Y1 - 2012/12
N2 - The paper employs a rank-dependent formulation of the social welfare function with time-separable utilities to evaluate the economic consequences of the mobility process underlying the transformation of the income distribution over time. The resultant class of measures can be decomposed either in terms of structural and exchange mobility or in terms of vertical and horizontal mobility, thereby encompassing two major approaches in the literature. Illustrative results show that income mobility in the USA was both less pro-poor in absolute terms and more horizontally inequitable than in Germany, but that the latter did not translate into higher exchange mobility given higher levels of absolute inequality and the vertical stance of the growth process. © 2011 Springer Science+Business Media, LLC.
AB - The paper employs a rank-dependent formulation of the social welfare function with time-separable utilities to evaluate the economic consequences of the mobility process underlying the transformation of the income distribution over time. The resultant class of measures can be decomposed either in terms of structural and exchange mobility or in terms of vertical and horizontal mobility, thereby encompassing two major approaches in the literature. Illustrative results show that income mobility in the USA was both less pro-poor in absolute terms and more horizontally inequitable than in Germany, but that the latter did not translate into higher exchange mobility given higher levels of absolute inequality and the vertical stance of the growth process. © 2011 Springer Science+Business Media, LLC.
UR - http://www.scopus.com/inward/record.url?partnerID=yv4JPVwI&eid=2-s2.0-79952346765&md5=c1142c64a4cbbc78a2a2237d9778149d
U2 - 10.1007/s10888-011-9172-5
DO - 10.1007/s10888-011-9172-5
M1 - Article
JO - Journal of Economic Inequality
JF - Journal of Economic Inequality
SN - 1569-1721
IS - 4
VL - 10
SP - 505
EP - 528
ER -