The Contribution of Income Mobility to Economic Insecurity in the US and Spain during the Great Recession

Olga Cantó and David O. Ruiz

A chapter in Measurement of Poverty, Deprivation, and Economic Mobility, 2015, vol. 23, pp 109-152 from Emerald Group Publishing Limited

Abstract: Recent evidence on the impact of the crisis on developed countries shows that changes in income inequality and poverty have been relatively small in spite of the macroeconomic heterogeneity of the recession across different economies. However, when evaluating individual perceptions linked to the crisis any changes in the chances to scale up or lose ground in the income ladder are also crucial. Our aim in this paper is to analyze to what extent the recession has had an impact on individual equivalent incomes and, in particular, on the prevalence of downward mobility in two developed countries where job losses have been large. We find that income losses have increased, particularly in Spain, and while age and education are key determinants of the probability of experiencing an income loss in both countries, the presence of children only increases the probability of an income loss in Spain.

Keywords: Mobility; economic insecurity; income volatility; recession; US; Spain; D31; D63; I14 (search for similar items in EconPapers)
Date: 2015
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Related works:
Working Paper: The contribution of income mobility to economic insecurity in the US and Spain during the Great Recession (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:eme:reinzz:s1049-258520150000023004

DOI: 10.1108/S1049-258520150000023004

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