Download or read book Earnings Mobility and Measurement Error written by Francisca Antman and published by World Bank Publications. This book was released on 2005 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The degree of mobility in incomes is often seen as an important measure of the equality of opportunity in a society and of the flexibility and freedom of its labor market. But estimation of mobility using panel data is biased by the presence of measurement error and non-random attrition from the panel. This paper shows that dynamic pseudo-panel methods can be used to consistently estimate measures of absolute and conditional mobility in the presence of non-classical measurement errors. These methods are applied to data on earnings from a Mexican quarterly rotating panel. Absolute mobility in earnings is found to be very low in Mexico, suggesting that the high level of inequality found in the cross-section will persist over time. However, the paper finds conditional mobility to be high, so that households are able to recover quickly from earnings shocks. These findings suggest a role for policies which address underlying inequalities in earnings opportunities.
Download or read book Earnings Mobility and Measurement Error written by Francisca Antman and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The degree of mobility in incomes is often seen as an important measure of the equality of opportunity in a society and of the flexibility and freedom of its labor market. But estimation of mobility using panel data is biased by the presence of measurement error and non-random attrition from the panel. This paper shows that dynamic pseudo-panel methods can be used to consistently estimate measures of absolute and conditional mobility in the presence of non-classical measurement errors. These methods are applied to data on earnings from a Mexican quarterly rotating panel. Absolute mobility in earnings is found to be very low in Mexico, suggesting that the high level of inequality found in the cross-section will persist over time. However, the paper finds conditional mobility to be high, so that households are able to recover quickly from earnings shocks. These findings suggest a role for policies which address underlying inequalities in earnings opportunities.
Download or read book Income Mobility and Welfare written by Mr.Tom Krebs and published by International Monetary Fund. This book was released on 2013-01-28 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a framework for the quantitative analysis of individual income dynamics, mobility and welfare. Individual income is assumed to follow a stochastic process with two (unobserved) components, an i.i.d. component representing measurement error or transitory income shocks and an AR(1) component representing persistent changes in income. We use a tractable consumption-saving model with labor income risk and incomplete markets to relate income dynamics to consumption and welfare, and derive analytical expressions for income mobility and welfare as a function of the various parameters of the underlying income process. The empirical application of our framework using data on individual incomes from Mexico provides striking results. Much of measured income mobility is driven by measurement error or transitory income shocks and therefore (almost) welfare-neutral. A smaller part of measured income mobility is due to either welfare-reducing income risk or welfare-enhancing catching-up of low-income individuals with high-income individuals, both of which have economically significant effects on social welfare. Decomposing mobility into its fundamental components is thus seen to be crucial from the standpoint of welfare evaluation.
Download or read book Empirical Studies of Earnings Mobility written by A. Atkinson and published by Taylor & Francis. This book was released on 2013-07-04 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do individuals keep the same place on the earnings scale, or is there a great deal of mobility? This volume discusses the empirical studies of this issue.
Download or read book Generational Income Mobility in North America and Europe written by Miles Corak and published by Cambridge University Press. This book was released on 2004-11-25 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Labour markets in North America and Europe have changed tremendously in the face of increased globalisation and technical progress, raising important challenges for policy makers concerned with equality of opportunity. This book examines the influence of both changes in income inequality and of social policies on the degree to which economic advantage is passed on between parents and children in the rich countries. Standard theoretical models of generational dynamics are extended to examine generational income and earnings mobility over time and across space. Over twenty contributors from North America and Europe offer comparable estimates of the degree of mobility, changes in mobility, and the impact of government policy. In so doing, they strengthen the analytical tool kit used in the study of generational mobility, and offer insights for research and directions in dealing with equality of opportunity and child poverty.
Download or read book Inequality of Opportunity written by Juan Gabriel Rodríguez and published by Emerald Group Publishing. This book was released on 2011-10-12 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: Eight papers, both theoretical and applied, on the concept of equality of opportunity which says that a society should guarantee its members equal access to advantage regardless of their circumstances, while holding them responsible for turning that access into actual advantage by the application of effort.
Download or read book Earnings Mobility and Inequality written by Paul Gregg and published by . This book was released on 2012 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we propose an integrated framework for the analysis of earnings inequality and mobility, which enables the analysis of the distributional dimension of inequality reduction from mobility, an assessment of the economic drivers of mobility and a sense of which drivers are equalising and dis-equalising. In particular we are able to capture the extent to which life-cycle characteristics, key life events, job related characteristics, and changes in working time affect overall mobility and inequality. The framework also offers a bounded approach to isolating the underlying inequality reduction resulting from mobility from measurement error which can otherwise lead to a substantial upward bias.
Download or read book Earnings Mobility in the US written by Bhashkar Mazumder and published by . This book was released on 2001 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Income Distribution written by François Bourguignon and published by Psychology Press. This book was released on 2001 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is a comprehensive collection of critical essays on The Taming of the Shrew, and includes extensive discussions of the play's various printed versions and its theatrical productions. Aspinall has included only those essays that offer the most influential and controversial arguments surrounding the play. The issues discussed include gender, authority, female autonomy and unruliness, courtship and marriage, language and speech, and performance and theatricality.
Download or read book Intergenerational Income Mobility and Redistributive Policy written by Mareike Schad and published by Springer. This book was released on 2015-06-10 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mareike Schad examines how redistributive policy measures influence intergenerational income mobility, taking into account various facets of the parent-child connection. In the first part, the author investigates the impact of education and education policy on income mobility both theoretically and empirically. The second part addresses individual beliefs regarding the determinants of personal economic success and their effect on income mobility within a society.
Download or read book Intergenerational Income Mobility in China written by Yuna Hou and published by Routledge. This book was released on 2021-11-18 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intergenerational income mobility is of great societal importance due to its relevance to equal socio-economic opportunity and future economic efficiency. In her book Dr Hou explores the potential role of education policy in reducing intergenerational transmission of poverty and promoting intergenerational income mobility in China. Her research investigates the extent to which intergenerational income persists in China, the mechanisms behind intergenerational inequality, and premises for policy intervention. The interaction between families, labour markets, and public policies that structure a child’s opportunities and determine the extent to which income is related to family background are discussed in detail. The book comprises of three separate empirical studies examining the relationship between parents’ income and the long-term welfare of their children for two birth cohorts; the role education plays in the intergenerational income relationship; and possible policy intervention channels to facilitate intergenerational income mobility. The lessons learnt from the empirical studies in this book offer the basis for a discussion of current educational policies and provide guidance for developing more appropriate public policies to promote intergenerational income mobility in China in the future. This book contributes to the international discussion by providing evidence in Chinese context, and also provides guidance for policymakers attempting to develop more appropriate public policies to promote intergenerational income mobility in China.
Download or read book Nonparametric Analysis of Intergenerational Income Mobility written by Alexandra L. Minicozzi and published by . This book was released on 1997 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Effects of Disasters on Income Mobility written by Espen Villanger and published by . This book was released on 2003 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: We evaluate the impact of disasters on income mobility by drawing on "natural experiments". While the poor have a much higher probability of remaining poor when entering a crisis compared to normal times, there is also a negative effect in the year after. Richer households seem to be unaffected. A simple bootstrap method is proposed to facilitate statistical inference for mobility matrices. Also, we simulate measurement error to illustrate its magnitude on these matrices. Small errors induce a substantial downward bias of the probability of remaining poor, while comp arisons across states seem more robust, which is promising for impact analysis.
Download or read book The Intergenerational Earnings and Income Mobility of Canadian Men written by Miles Corak and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our objective is to obtain an accurate estimate of the degree of intergenerational income mobility in Canada. We use income tax information on about 400,000 father-son pairs, and find intergenerational earnings elasticities to be about 0.2. Earnings mobility tends to be slightly greater than income mobility, but non-parametric techniques uncover significant non-linearities in both of these relationships. Intergenerational earnings mobility is greater at the lower end of the income distribution than at the upper end, and displays an inverted V-shape elsewhere. Intergenerational income mobility follows roughly the same pattern, but is much lower at the very top of the income distribution.
Download or read book Changing Fortunes written by Stephen P. Jenkins and published by OUP Oxford. This book was released on 2011-07-28 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most information about the incomes of people in Britain today, such as provided by official statistics, tells us how much inequality there is or how many poor people there are in a given year and compares those numbers with the corresponding statistics from the previous year. Missing from snapshot pictures like these is information about whether the people who were poor one year are the same people who are poor the following year; and the circumstances of those with middle-income or top-income origins are not tracked over time. This book fills in the missing information. The author likens Britain's income distribution to a multi-story apartment building with the numbers of residents on the different floors corresponding to the concentration of people at different income levels in any particular year. The poorest are in the basement, the richest are in the penthouse, and the majority somewhere in between. This book assesses how much movement there is between floors, the frequency of moves, whether the distance travelled has been changing over the last two decades, and whether basement dwellers ever reach the penthouse. Using the British Household Panel Survey, which has followed and interviewed the same people annually since 1991, it documents the patterns of income mobility and poverty dynamics in Britain, shows how they have changed over the last two decades, and explores the reasons why. It draws attention to the relationships between changes in income and changes in other aspects of people's lives - not only in their jobs, earnings, benefits, and credits, but also in the households within which they live (people marry and divorce; children are born). Trends over time are also related to changes in Britain's labour market and the reforms to the tax-benefit system introduced by the Labour government in the late-1990s.
Download or read book The Mis measurement of Permanent Earnings written by Bhashkar Mazumder and published by . This book was released on 2001 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Handbook of Income Distribution written by Anthony B. Atkinson and published by Elsevier. This book was released on 2014-12-30 with total page 2366 pages. Available in PDF, EPUB and Kindle. Book excerpt: What new theories, evidence, explanations, and policies have shaped our studies of income distribution in the 21st century? Editors Tony Atkinson and Francois Bourguignon assemble the expertise of leading authorities in this survey of substantive issues. In two volumes they address subjects that were not covered in Volume 1 (2000), such as education, health and experimental economics; and subjects that were covered but where there have been substantial new developments, such as the historical study of income inequality and globalization. Some chapters discuss future growth areas, such as inheritance, the links between inequality and macro-economics and finance, and the distributional implications of climate change. They also update empirical advances and major changes in the policy environment. The volumes define and organize key areas of income distribution studies Contributors focus on identifying newly developing questions and opportunities for future research The authoritative articles emphasize the ways that income mobility and inequality studies have recently gained greater political significance
