Concept

Economic mobility

Summary
Economic mobility is the ability of an individual, family or some other group to improve (or lower) their economic status—usually measured in income. Economic mobility is often measured by movement between income quintiles. Economic mobility may be considered a type of social mobility, which is often measured in change in income. Types of mobility There are many different ideas in the literature as to what constitutes a good mathematical measure of mobility, each with their own advantages and drawbacks. Mobility may be between generations ("inter-generational") or within a person's or group's lifetime ("intra-generational"). It may be "absolute" or "relative". Inter-generational mobility compares a person's (or group's) income to that of her/his/their parents. Intra-generational mobility, in contrast, refers to movement up or down over the course of a working career. Absolute mobility involves widespread economic growth and answers the question "To wh
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