Chapter Six: Income Mobility and Economic Well-Being-Economic mobility studies are concerned w/ quantifying the movement of given recipient units through the distribution of economic well-being over time, establishing how dependent one’s current economic position is on one’s past position, and relating people’s mobility experiences to various influences (e.g., macroeconomic growth or decline, employer-specific events and circumstances, expansions and downsizing, and local community political or economic cycles).-Four methodological aspects of mobility studies. In short…”we will talk in terms of the ‘income mobility’ of ‘persons’ through ‘time,’ with the understanding that the measure of economic well-being may be something other than income, the recipient unit may be something other than persons, and ‘time’ may be across generations rather than across years”:1.Mobility analysis follows given economic units through time, so it will require longitudinal data. Measures for poverty, inequality, or economic well-being, in
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Household income in the United States, Income distribution, economic well-being