Welfare dynamics examines how individuals' well-being and economic status change over time, taking into account factors such as income, consumption, and social mobility. It is crucial for understanding long-term poverty alleviation and the effectiveness of social policies in improving life outcomes across generations.

Welfare Dynamics

Individuals' well-being

Economic Status

Factors such as income

Factors such as consumption

Social mobility refers to the ability of individuals or groups to move within or between social strata in a society, often measured by changes in income, education, or occupation. It is a critical indicator of equality of opportunity and can be influenced by factors such as education systems, economic policies, and social structures.

Concepts

Your Lessons