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Income volatility and mobility : A conceptual exploration of two frameworks
Latner, Jonathan (2018): Income volatility and mobility : A conceptual exploration of two frameworks, in: Bamberg: opus, doi: 10.20378/irbo-52737.
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Publisher Information:
Year of publication:
2018
Pages:
Source/Other editions:
Research in Social Stratification and Mobility, 53 (2018), S. 50-63 - ISSN: 0276-5624
Year of first publication:
2018
Language:
English
DOI:
Licence:
Abstract:
This paper explores two frameworks for measuring income volatility using data from the Panel Study of Income Dynamics. The permanent income framework measures volatility as the standard deviation of income change in a study period, which classifies all change in income as volatile. The income trend framework measures volatility as the standard deviation of income change from an individual's own income trend line, which distinguishes the amount from the direction of income change. Results from a hierarchical linear model suggest that a large proportion of income volatility is explained by the income trend line. Results from a fixed effects model suggest that the distribution of income volatility by the direction of the trend line is unequal. Declining income is more volatile than rising income.
GND Keywords: ;  ;  ; 
Einkommensentwicklung
Volatilität
Messung
Methode
Keywords: ;  ; 
Income inequality
Income volatility
Income mobility
DDC Classification:
RVK Classification:
Peer Reviewed:
Yes:
Type:
Article
Activation date:
September 13, 2018
Permalink
https://fis.uni-bamberg.de/handle/uniba/44337