Audoly, Richard; McGee, Rory; Ocampo Díaz, Sergio; Paz … - 2024
We use 25 years of tax records for the Norwegian population to study the mobility of wealth over people's lifetimes. We … find considerable wealth mobility over the life cycle. To understand the underlying mobility patterns, we group individuals … with similar wealth rank histories using agglomerative hierarchical clustering, a tool from statistical learning. The …