mobility

Examples of mobility in the following topics:

• Defining and Measuring Economic Mobility

  • This concept of economic mobility is often considered in conjunction with 'social mobility', which is the capacity for an individual to change station within a society.
  • Absolute:Similar to intergenerational mobility, absolute mobility looks at how widespread economic growth improves (or reduces) an individual or a family's income over a generational time frame.
  • Relative:Relative mobility, as the name implies, measures the mobility and economic growth of a particular person within the context of the system in which they work.
  • Closely related to the concept of economic mobility is that of socioeconomic mobility, which refers to the ability to move vertically from one social or economic class to another.
  • Economists studying economic mobility have identified a number of factors that play an integral role in enabling (or blocking) participants in an economic system from achieving mobility.

• Moving from Short-Run to Long-Run

  • Also, capital is not fully mobile between sectors.
  • There is also full mobility of labor and capital between sectors of the economy.

• Cost

  • Capital has a greater mobility than labour.

• The Role of the Financial System

  • Saving mobilization: Obtaining funds from the savers or surplus units such as household individuals, business firms, public sector units, central government, state governments, etc. is an important role played by financial markets.

• Measuring the Price Elasticity of Supply

  • There are numerous factors that impact the price elasticity of supply including the number of producers, spare capacity, ease of switching, ease of storage, length of production period, time period of training, factor mobility, and how costs react.

• Introduction to Property Rights

  • "Where the law of property is concerned, it is not difficult to see that the simple rules which are adequate to ordinary mobile "things" or "chattel" are not suitable for indefinite extension.
  • It appears to me also as if historically in the field of the law of corporations we had a situation rather analogous to that in the field of the law of property to which I have already referred As in the law of property the rules developed for ordinary mobile property were extended uncritically and without appropriate modifications to all sorts of new rights; and thus the recognition of corporations as fictitious or legal person has had the effect that all the rights of a natural person were automatically extended to corporations" (Hayek, p 116).

• Federal Efforts to Control Monopoly

  • Concerns about the enormous power of the Standard Oil monopoly in the early 1900s, for instance, led to the breakup of Rockefeller's petroleum empire into numerous companies, including the companies that became the Exxon and Mobil petroleum companies.
  • But in the late 1990s, when Exxon and Mobil announced that they planned to merge, there was hardly a whimper of public concern, although the government required some concessions before approving the combination.

• Labor Standards

  • American workers, meanwhile, traditionally have been mobile themselves; many see job changes as a means of improving their lives.

• Compensation Differentials

  • If a certain part of a country is a particularly attractive area to live in and if labor mobility is perfect, then more and more workers will move to that area, which in turn will increase the supply of labor and depress wages.

• Current Topics in Income Distribution

  • As a result, inequality has been described both as irrelevant in the face of economic opportunity (or social mobility) in America, and as a cause of the decline in that opportunity.