Earnings Mobility in Times of Growth and Decline : Argentina from 1996 to 2003

• Tác giả: Gary S Fields
• Ngôn ngữ: eng
• Ký hiệu phân loại: 016.98 Bibliographies and catalogs of works on specific subjects or in specific disciplines
• Thông tin xuất bản: 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 302345
• Chủ đề: 1. Macroeconomic Analyses of Economic Development O110; 2. Macroeconomics: Production E230; 3. Personal Income, Wealth, and Their Distributions D310; 4. Wage Differentials J310; 5. Wage Level and Structure

Tóm tắt

In recent years Argentina's economy has experienced both rapid growth and severe decline. In this paper, we use a series of one-year long panels to study who gained the most in pesos when the economy grew and who lost the most in pesos when the economy contracted. Various considerations led us to expect that mobility would be divergent--that is, that the individuals who started with the highest initial earnings would enjoy the largest earnings gains in pesos. Contrary to expectations and for a wide range of specifications, mobility is found to be mostly convergent, sometimes neutral, and never divergent.