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Measuring rank mobility with variable population size

Working Paper 2014-350

Abstract

We provide characterizations of a class of rank-mobility measures and of a specific member of this class. These measures are based on the Kemeny distance for orderings. We use the well-known replication-invariance property to ensure that our measures are applicable in variable-population settings. The rank-based approach to mobility has a natural connection with the study of social status. Rank-based measures are widely applied in empirical research but their theoretical foundation is still in need of further investigation, and we consider our approach to be a contribution towards this objective.

Authors: Walter Bossert, Conchita D’Ambrosio.

Keywords: Rank mobility, Kemeny distance, variable population.
JEL: D63.