Asked by
Lauren Byron
on Nov 26, 2024Verified
The movement of individuals and households from one income quintile to another over time is called
A) income averaging.
B) wealth turnover.
C) income mobility.
D) the ratchet effect.
Income Mobility
The ability of individuals or households to move across different income levels or brackets over time.
Income Quintile
A statistical measure dividing the population into five equal groups according to income level, to analyze the distribution of income or wealth.
- Gain insight into the movement of income levels and how it influences the uneven distribution of wealth.
Verified Answer
DH
Learning Objectives
- Gain insight into the movement of income levels and how it influences the uneven distribution of wealth.