Checchi, Daniele; Filippin, Antonio - 2003
The ?prospect of upward mobility? (POUM) hypothesis formalised by Benabou and Ok (2001a) finds explicit assumptions … provided the mobility process is concave in expectations, redistribution policies are expected to last for a sufficiently long … where the concavity of the mobility process, the degree of social mobility, the knowledge of personal income and the degree …