This paper proposes a methodology to approximate individual income distribution dynamics using only time series data on aggregate moments of the income distribution. Under the assumption that individual incomes follow a lognormal autoregressive process, this paper shows that the evolution over time of the mean and standard deviation of log income across individuals provides sufficient information to place upper and lower bounds on the degree of mobility...
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INFORMACIÓN
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2017/06/27
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS8123
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1
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1
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2017/06/27
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Disclosed
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Approximating income distribution dynamics using aggregate data
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incidence curve