What Lies Behind Income Mobility? Reranking and Distributional Change in Belgium, Western Germany and the USA

Philippe Van Kerm ()

No 2003-03, IRISS Working Paper Series from IRISS at CEPS/INSTEAD

Abstract: The paper presents a decomposition of income mobility indices into two basic sources: Mobility induced by a change of the income distribution shape and mobility induced by a re-ordering of individuals in the income pecking order. The decomposition procedure based on counterfactual distributions results in a decomposition that is applicable to a broad class of mobility measures. Application to income indices with data for Belgium, Western Germany and the USA indicates that reranking has been the major force behind income mobility.

Keywords: Income mobility; Distributional change; Exchange and Structural mobility (search for similar items in EconPapers)
JEL-codes: C14 D31 I32 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-lab and nep-ltv
Date: 2003-02
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Published in Economica, 2004, vol.71, pp.223-239

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Journal Article: What Lies Behind Income Mobility? Reranking and Distributional Change in Belgium, Western Germany and the USA (2004)
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Persistent link: http://EconPapers.repec.org/RePEc:irs:iriswp:2003-03

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