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The intra-distributional mobility of German income dynamics is analysed using GSOEP. Transition probabilities are found to be time-varying. The tested models comprise various mixed Markov chains in discrete time and a non-stationary mover-stayer model is proposed. In order to explain the...
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to enhance their effort and utility. We employ a general specification utility function and show that the final effect of … technological growth on individuals' effort and utility depends, respectively, on the assumptions we make about their nature with … regard to their effort strategies (i.e. conformists, deviants or neutrals) and to their utility preferences (i.e. altruistic …
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