Partial Ordering of Unpredictable Mobility with Welfare Implications
AbstractWe propose a partial ordering of 'unpredictable mobility' in the spirit of Blackwell's ordering of information structures. The proposed ordering ranks mobility matrices according to the degree to which elements in a given set are likely to move from one state to another, "independently of their origin". Furthermore, for an important class of transition structures, our proposed ordering implies ordering, thus carrying significant welfare implications. Moreover, whenever it exists, our partial ordering functions as a sufficient condition for a class of renowned mobility measures and thereby generates, for a subset of transition matrices, unanimous ranking among mobility indices that are not generally consistent with one another. Copyright (c) The London School of Economics and Political Science 2007.
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Bibliographic InfoArticle provided by London School of Economics and Political Science in its journal Economica.
Volume (Year): 75 (2008)
Issue (Month): 299 (08)
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- Danny Ben-Shahar & Eyal Sulganik, 2011. "Vacancy chains and the degree of mobility in the housing market," The Annals of Regional Science, Springer, vol. 47(3), pages 569-583, December.
- Creedy, John & Halvorsen, Elin & Thoresen, Thor, 2012.
"Inequality Comparisons in a Multi-Period Framework: The Role of Alternative Welfare Metrics,"
Working Paper Series
2434, Victoria University of Wellington, Chair in Public Finance.
- John Creedy & Elin Halvorsen & Thor O. Thoresen, 2013. "Inequality Comparisons In A Multi-Period Framework: The Role Of Alternative Welfare Metrics," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 59(2), pages 235-249, 06.
- John Creedy & Elin Halvorsen & Thor O. Thoresen, 2011. "Inequality Comparisons in a Multi-Period Framework: The Role of Alternative Welfare Metrics," Department of Economics - Working Papers Series 1127, The University of Melbourne.
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