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In Chile, income is distributed on a substantially more equitable basis among younger generations than older generations. There is a greater social mobility and less poverty in the younger generations. The overall trends "are going well," but social policy has not been adapted to this new...
Persistent link: https://www.econbiz.de/10010936692
We study the determinants of the (steady-state) POUM effect in a model where the individuals evaluate their expected future income using both their current income and observable characteristics such as education, race or gender.
Persistent link: https://www.econbiz.de/10010540153
Even relatively poor people oppose high rates of redistribution because of the anticipation that they, or their children, may move up the income ladder. This ‘Prospect of Upward Mobility’ (POUM) hypothesis is commonly advanced to explain why democracies do not engage in large-scale...
Persistent link: https://www.econbiz.de/10005662178
Even people with income below average will not support high rates of redistribution, because of the prospect of upward mobility: they take into account the fact the they, or their children, may move up in the income distribution, and therefore be hurt by high tax rates. This "intuitive"...
Persistent link: https://www.econbiz.de/10005168644
mobility which has strong parallels with the theory of progressive taxation. We characterize opportunity–equalizing mobility …
Persistent link: https://www.econbiz.de/10005738446
ILO pub. Article on the development of large cities and giant urban area agglomerations and their influence on living conditions and employment of urban populations - discusses the demographic aspects of large towns, makes forecasts, and examines the relationship between size and quality of...
Persistent link: https://www.econbiz.de/10010690198
We study the determinants of the (steady-state) POUM effect in a model where the individuals evaluate their expected future income using both their current income and observable characteristics such as education, race or gender.
Persistent link: https://www.econbiz.de/10010572255
Inequality in earned wages is in our western society on the increase. Social mobility is on the decrease. The contribution of education to equality of opportunity is decreasing, because education adapts more slowly to the increasing complexities of our societies than the home and social...
Persistent link: https://www.econbiz.de/10010712018
A necessary condition for mobility to reduce the popular desire for redistribution is a significant positive correlation between inequality and mobility. In Prieto et al. (2008), a significant positive relationship was found at the national level. The objective of this study is to establish...
Persistent link: https://www.econbiz.de/10008835374
mobility which has strong parallels with the theory of progressive taxation. We characterize opportunity–equalizing mobility …
Persistent link: https://www.econbiz.de/10011150120