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A common critique of most measures of income inequality, which are based on a single year's income, is that they fail to take account of income mobility.
If income fluctuations are large, and individuals can smooth consumption, then high inequality and high mobility may...
This paper investigates whether and to what extent demographic change has an impact on human capital accumulation. The effect of the relative cohort size on educational attainment of young adults in Germany is analyzed utilizing data from the German Socio-Economic Panel for West-German individuals of...