000			01189nam a22001457a 4500
999			_c525334 _d525334
008			240222b ||||| |||| 00| 0 eng d
100			_aRay, Debraj and Genicot, Garance _950066
245			_aMeasuring upward mobility
260			_aThe American Economic Review
300			_a113(11), Nov, 2023: p.3044-3089
520			_aWe conceptualize and measure upward mobility over income or wealth. At the core of our exercise is the Growth Progressivity Axiom: transfers of instantaneous growth rates from relatively rich to poor individuals increases upward mobility. This axiom, along with mild auxiliary restrictions, identifies an "upward mobility kernel" with a single free parameter, in which mobility is linear in individual growth rates, with geometrically declining weights on baseline incomes. We extend this kernel to trajectories over intervals. The analysis delivers an upward mobility index that does not rely on panel data. That significantly expands our analytical scope to data-poor settings.- Reproduced https://www.aeaweb.org/articles?id=10.1257/aer.20220316
773			_aThe American Economic Review
906			_aECONOMOC AND SOCIAL DEVELOPMENT
942			_cAR