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Partial Ordering of Unpredictable Mobility with Welfare Implications

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  • DANNY BEN-SHAHAR
  • EYAL SULGANIK
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    Abstract

    We 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 Info

    Article provided by London School of Economics and Political Science in its journal Economica.

    Volume (Year): 75 (2008)
    Issue (Month): 299 (08)
    Pages: 592-604

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    Handle: RePEc:bla:econom:v:75:y:2008:i:299:p:592-604

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    Cited by:
    1. 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.
    2. 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.

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