This study proposes the mode-based decomposition approach to better examine the change of the more impoverished population's wealth into growth and distribution effects. Given Gibrat’s law, the decomposition first approximates the income distribution to lognormal distribution using the maximum...

Recentered influence functions (RIFs) are statistical tools popularized by Firpo, Fortin, and Lemieux (2009) for analyzing unconditional partial effects on quantiles in a regression analysis framework (unconditional quantile regressions). The flexibility and simplicity of these tools has opened...