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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
Interest in economic mobility stems largely from its perceived role as an equalizer of opportunities, though not necessarily of outcomes. In this paper we show that this view leads very naturally to a methodology for the measurement of social mobility which has strong parallels with the theory...
Persistent link: https://www.econbiz.de/10005738446
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
correlation between inequality and mobility. In Prieto et al. (2008), a significant positive relationship was found at the … regional level. The indices are calculated for the set of EU regions using the European Community Household Panel survey. Total …
Persistent link: https://www.econbiz.de/10008835374
Interest in economic mobility stems largely from its perceived role as an equalizer of opportunities, though not necessarily of outcomes. In this paper we show that this view leads very naturally to a methodology for the measurement of social mobility which has strong parallels with the theory...
Persistent link: https://www.econbiz.de/10011150120
This paper studies how heterogeneity in income dynamics affects the POUM hypothesis (the idea that poor people do not support high level of redistribution because they hope to be rich in the future). We consider a setting where individuals evaluate their expected future income using both their...
Persistent link: https://www.econbiz.de/10005432663
dynamic measure permits us to focus on inequality as well as distinguish between countries where per capita income growth was … globalization could also be positive with foreign direct investment and trade openess fostering greater inclusiveness, while …
Persistent link: https://www.econbiz.de/10011242387
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
This article describes the construction of a measure of the social order in the nineteenth century, which will subsequently be used as a basis for studying processes of social reproduction (or social mobility). The technique of correspondence analysis is used to map the ordering of groups of...
Persistent link: https://www.econbiz.de/10005767036
Karl Marx viewed class struggles to be so central as to assert that all societal history was, and will in the future be … (namely, the poor and the rich) chooses how much resources to spend on influencing the stochastic outcomes of class struggle …-generational concerns is that a society’s inter-class economic mobility across generations turns out to be a central determinant of the …
Persistent link: https://www.econbiz.de/10005703925