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Income Risk, Income Mobility and Welfare
註釋Using individual income data from the Encuesta Nacional de Empleo Urbano (ENEU, Mexican National Urban Employment Survey), develops an analytical framework for the estimation and welfare-theoretic evaluation of individual income dynamics that takes into account these different drivers of income mobility. Focuses on income mobility within individual lifetimes, that is intra-generational mobility. Shows how income mobility, measured in relation to the correlation of incomes over time, relates to the various parameters of the underlying income process. Provides a detailed analysis of how different determinants of measured income mobility may have quite different implications for welfare.