Partial Ordering of Unpredictable Mobility with Welfare Implications

Danny Ben-Shahar, Eyal Sulganik
2005 Social Science Research Network  
We propose a partial ordering of "unpredictable mobility" based on Blackwell's ordering of Markov (information) matrices. This partial ordering ranks mobility matrices according to the degree to which elements in a given set are likely to transit from one state to another, independently of their origin and, furthermore, for an important class of transition structures, it implies Dardanoni (1993) ordering-thus carries significant welfare implications. The proposed partial ordering further
more » ... several renowned mobility measures and is both testable and applicable for ranking social mobility, economic mobility, .occupational mobility, housing market mobility, credit rating mobility, and more.
doi:10.2139/ssrn.621005 fatcat:pm4b3ngy7vcdvcwi2njiqrbiz4