Working Papers Series 2011, 3

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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.

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    A Note on the POUM Effect with Heterogeneous Social Mobility
    (2011-12-13)
    Feri, Francesco
    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.
      1567  840