If a member of the bulge is one of the losers of income mobility, they haven't lost much, but if they can escape the bulge, oh boy oh boy.
@admittedlyhuman oh ok, this works if absolute income is more important than relative status AND bulge effect overcomes prospect theory
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@sarahdoingthing it just requires relative status to be based on relative wealth instead of quintile position.Thanks. Twitter will use this to make your timeline better. UndoUndo
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