What Is Income Mobility?
After a certain period of change in a particular income class group, changes in the income share it has or the income class it belongs to.
Income liquidity
Right!
- After a certain period of change in a particular income class group, changes in the income share it has or the income class it belongs to.
- Income mobility refers to the changes in the income share or income class of a particular income class group after a period of change.