If substantial income mobility is present, then there is considerable movement of individuals up and down the income ladder when income comparisons are made at different points in time.

Question

Quizplus · Accepted Answer

Substantial income mobility means that there is significant movement of individuals up and down the income ladder over time, indicating that income comparisons at different points in time show notable changes in individuals' income levels.

If Substantial Income Mobility Is Present, Then There Is Considerable