The measurement of rank mobility☆
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Cited by (40)
Quantifying financial market dynamics: Scaling law in rank mobility of Chinese stock prices
2021, Finance Research LettersCitation Excerpt :Rank mobility which belongs to the class of the relative mobility (Fields and Ok 1999), is defined as the average variation of relative rank positions with respect to any absolute variable over a given time period. Rank mobility measures have been widely applied in social dynamics, wealth redistribution and changes in income status (D'Agostino and Dardanoni 2009; Bossert et al., 2016). Rank mobility of stock prices reflects the changes of their price ranking orders which are mainly affected by firm-specific information.
Spatiotemporal analysis of multiscale income mobility in China
2019, Applied GeographyCitation Excerpt :Income mobility is a multi-dimensional concept that focuses on revealing the dynamic development of income distribution, and it reflects the likelihood of transitioning from poverty to wealth. Mobility is a dynamic concept that captures how two distributions are coupled together (D'Agostino & Dardanoni, 2009). Some progress has been made in labour economics in measuring individual income mobility, particularly in the comparison of incomes between intergenerational urban and rural residents (Corak, 2013).
Financial development and intergenerational education mobility
2018, Review of Development FinanceThe drivers of income mobility in Europe
2015, Economic SystemsCitation Excerpt :Alternative indices reflect different underlying conceptual entities and methodological approaches. Besides the basic distinction into relative versus absolute mobility measures (see D’Agostino and Dardanoni, 2009; Fields and Ok, 1996), mobility indicators are also designed to capture the role of income movements in equalising long-term inequality (Fields, 2009). Other qualifications of mobility measures may reflect: (i) the adoption of a normative versus an axiomatic approach; (ii) the employment of single-stage versus two-stage indicators; (iii) the pros and cons of measuring mobility in terms of wages, incomes or consumption; and (iv) the use of individual versus household data.
Income mobility
2015, Handbook of Income DistributionCitation Excerpt :Differences in marginal distributions would be fully controlled, however, were analysts to employ the Spearman rank correlation rather than r (because both marginal distributions would be standard uniform distributions), and this would also have the advantage in the intergenerational context of focusing on positional change. Note also D’Agostino and Dardanoni (2009a) who provided an axiomatic characterization of the Spearman rank correlation as an measure of exchange mobility, thereby taking it beyond being a mere “statistical” index. A second question regarding Beta and r is why they should be calculated using log incomes rather than incomes.
Dynastic Measures of Intergenerational Mobility
2023, Research Square
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We would like to thank an anonymous referee for extremely useful suggestions which have significantly contributed to improve the paper.