Fields, Gary S.Sanchez Puerta, Maria Laura2012-03-302012-03-302010World Development0305750Xhttps://hdl.handle.net/10986/5733In recent years Argentina's economy has experienced both rapid growth and severe decline. In this paper, we use a series of one-year long panels to study who gained the most in pesos when the economy grew and who lost the most in pesos when the economy contracted. Various considerations led us to expect that mobility would be divergent--that is, that the individuals who started with the highest initial earnings would enjoy the largest earnings gains in pesos. Contrary to expectations and for a wide range of specifications, mobility is found to be mostly convergent, sometimes neutral, and never divergent.ENPersonal Income, Wealth, and Their Distributions D310Macroeconomics: Production E230Wage Level and StructureWage Differentials J310Macroeconomic Analyses of Economic Development O110Economic Development: Human ResourcesHuman DevelopmentIncome DistributionMigration O150Measurement of Economic GrowthAggregate ProductivityCross-Country Output Convergence O470Journal ArticleWorld Bank