[영문]A major finding in comparative mobility research is the high similarity across countries and the lack of association between mobility and other national attributes, with one exception: higher inequality seems to be associated with lower mobility. Evidence for the mobility?inequality link is, however, inconclusive, largely because most mobility studies have been conducted in advanced countries with relatively similar levels of inequality. This article introduces Chile to the comparative project. As the 10th most unequal country in the world, Chile is an adjudicative case. If high inequality results in lower mobility, Chile should be significantly more rigid than its industrialized peers. This hypothesis is disproved by the analysis. Despite vast economic inequality, Chile is as fluid, if not more so, than the much more equal industrialized nations. Furthermore, there is no evidence of a decline in mobility as the result of the increase in inequality during the market-oriented transformation of the country in the 1970s and 1980s. Study of the specific mobility flows in Chile indicates a significant barrier to long-range downward mobility from the elite (signaling high qqqquot;elite closureqqqquot;), but very low barriers across nonelite classes. This particular mobility regime is explained by the pattern, not the level, of Chilean inequality?high concentration in the top income decile, but significantly less inequality across the rest of the class structure. The high Chilean mobility is, however, largely inconsequential, because it takes place among classes that share similar positions in the social hierarchy of resources and rewards. The article concludes by redefining the link between inequality and mobility.