Empirical Research on Income Liquidity

Author: Atkinson
Publisher:
Publish Date: 2005-08-01
Features: Economists have long been interested in how personal income changes over time and the degree of liquidity. Do people maintain the same pace in income levels, or is there significant mobility? In recent years, new data sources, particularly panel survey data, have become increasingly available. This book reviews the field of income mobility from both theoretical and empirical perspectives. Chapter 1 provides an analytical framework that allows us to address different research concerns while considering the measurement of income mobility. It is followed by a description of available empirical evidence from the United States, the United Kingdom, France, Canada, West Germany, and other countries. The later part focuses on modeling the degree of mobility and the econometric analysis of income changes over time, testing the results obtained. The book concludes with a summary of the main findings and the scope for future research.