A note on the POUM effect with heterogeneous social mobility |
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| Authors: | Francesco Feri |
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| Institution: | Dipartimento di Scienze Economiche, Aziendali, Matematiche e Statistiche, Università di Trieste, Italy Department of Economics, Royal Holloway University of London, United Kingdom |
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| Abstract: | 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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| Keywords: | D31 D72 P16 H20 |
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