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by jandrewrogers
973 days ago
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This effectively defines social mobility as wages being compressed around the median. Small changes in income will create large changes in percentile since it is a relative measure in these cases. For countries where wages are not compressed around the median, like the US, large absolute increases in income produce small increases in percentile. To put it another way, it is much easier to increase your income in the US but harder to increase your income ranking. I think most people would prefer to have more money than a higher ranking given a choice between the two. |
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