search query: @indexterm Economic dynamics / total: 36
reference: 4 / 36
| Author: | Gottschalk, P. Spolaore, E. |
| Title: | On the evaluation of economic mobility |
| Journal: | Review of Economic Studies
2002 : JAN, VOL. 69:1(238), p. 191-208 |
| Index terms: | Economic dynamics Economic efficiency Germany USA Country comparisons |
| Language: | eng |
| Abstract: | The authors present a framework for the evaluation and measurement of "reversal" and "origin independence" as separate aspects of economic mobility. They show that evaluation depends on aversion to multiperiod inequality, aversion to inter-temporal fluctuations, and aversion to future risk. They construct "extended Atkinson indices" that allow them to quantity the relative impact of reversal and origin independence on welfare. They compare the income mobility in Germany and in the U.S. When aversion to inequality is the only consideration, the U.S. gains more from mobility than Germany. |
SCIMA