Trends in Income Inequality, Intertemporal Variability, and Mobility Risk in Thirty Countries

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dc.contributor.author NICHOLS, Austin
dc.contributor.author REHM, Philipp
dc.date.accessioned 2012-06-18T13:30:20Z
dc.date.available 2012-06-18T13:30:20Z
dc.date.issued 2012
dc.identifier.issn 1830-7728
dc.identifier.uri http://hdl.handle.net/1814/22384
dc.description.abstract We apply a novel decomposition of panel data on individual incomes in 30 countries and find the US is exceptional in its increases of income risk over the last decades. Income risk is decomposed into long-run inequality, intertemporal variability around individual-specific growth rates (volatility), and variation in individual-specific growth rates (mobility risk) using a decomposable generalized entropy measure. We also measure the degree to which the government tax and transfer system lowers longrun inequality, intertemporal variation, and mobility risk, and again the US is exceptional, with the tax and transfer system lowering the risk of net income less in the US than in other developed countries we examine. We further find that growth rates are positively associated with long-run mean incomes in most countries, implying growth tends not to be pro-poor, and that volatility tends to be higher for those with higher long-run mean incomes, so that form of risk may be progressively distributed. en
dc.language.iso en en
dc.relation.ispartofseries EUI MWP en
dc.relation.ispartofseries 2012/07 en
dc.subject Income inequality en
dc.subject Income variability en
dc.subject Income mobility en
dc.subject Welfare en
dc.subject OECD countries en
dc.subject Measurement en
dc.title Trends in Income Inequality, Intertemporal Variability, and Mobility Risk in Thirty Countries en
dc.type Working Paper en


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