Types
Mobility may be between generations ("inter-generational") or within a person or groups 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 what extent do families improve their incomes over a generation?” Relative mobility is specific to individuals or groups and occurs without relation to the economy as a whole. It answers the question, "how closely are the economic fortunes of children tied to that of their parents?" Relative mobility is a zero-sum game, absolute is not.
Read more about this topic: Economic Mobility
Famous quotes containing the word types:
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