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INCOME MOBILITY IN SPAIN: HOW MUCH IS THERE?
Author(s) -
Cant⊙ Olga
Publication year - 2000
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/j.1475-4991.2000.tb00392.x
Subject(s) - economics , income distribution , economic inequality , inequality , demographic economics , distribution (mathematics) , income inequality metrics , econometrics , permanent income hypothesis , net national income , labour economics , public economics , macroeconomics , gross income , mathematics , mathematical analysis , tax reform , market liquidity , state income tax
Traditional cross‐sectional research is unable to measure the degree of income mobility in an income distribution. Using longitudinal data and various income stability indices, this paper measures the level of permanent inequality (immobility) in Spain for the period 1985–92. Results indicate that the transitory component of inequality is large and the level of income mobility increases over time while income inequality decreases slightly. More stability is found at the top than at the bottom of the income distribution and the range of the registered movements is rather short.