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2003 | 10 | nr 3 | 32--43
Tytuł artykułu

Income Mobility, Unemployment and GDP

Warianty tytułu
Języki publikacji
The aim of this paper is to explore macro-economic factors of income mobility. Wodon (2001) shows that the correlation between earnings mobility and economic growth depends on the type of labour market adjustments: in quantity-adjusting economies like Argentina, mobility is negatively correlated with economic growth, whereas in price-adjusting economies like Mexico, this correlation is positive. Two issues are of interest here:
• Would the results change if incomes instead of earnings were used?
• Is there a "universal" relationship between economic growth and income mobility once unemployment is taken into account?
The first question is answered in a discussion, and the second question is answered by means of data analysis. International income mobility data are used in an attempt to test a simple theoretical model and not for the purpose of comparison of mobility patterns across countries. The remaining sections of the paper are organized as follows. A model linking relative income mobility and macroeconomic output is presented in section II. Section III contains a description of the data, briefly describes five measures of mobility, and presents the econometric setting of analysis along with estimation results. Section IV provides some conclusions. (fragment of text)
Opis fizyczny
  • University of Warsaw, Poland
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