Formby, John P.; Smith, W. James; Zheng, Buhong - In: Inequality, welfare and poverty : theory and measurement, (pp. 105-111). 2003
Dardanoni's (1993) results on mobility and social welfare in a simple Markov model of “pure” mobility are extended to rank distributions characterized by unequal growth. Partial orders of welfare states are derived and shown to be equivalent to rankings of generalized permanent income Lorenz...