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[social mobility lecture] markov chain + shorrocks mobility
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As discussed with @jstac we could combine the Shorrocks mobility with the Markov matrix (intergenerational mobility matrix).
See references:
- https://quanteconpy.readthedocs.io/en/latest/tools/inequality.html#quantecon.inequality.shorrocks_index
- https://www.aeaweb.org/articles?id=10.1257/aer.20151684
- https://github.com/jstac/macro_dynamics_text/blob/852052db716a0d68e32bdb871619c69e5635192f/ch_risk.tex#L142
Jet paper on social mobility dardanoni-jet-93.pdf
Inequality vs social mobility:
https://www.bristol.ac.uk/media-library/sites/cmpo/migrated/documents/wp206.pdf