>Date: Fri, 19 Nov 2004 23:45:13 +0900
>From: "Katsuhide Isa"
>Subject: Re: st: mobility table
>
>Nick and Philippe,
>
>Thank you for your advice.
>And I'm sorry for my late reply.
<...>
>
>P.S.
>BTW, what does 'MET' in 'Shorrocks' MET' stand for?
>Though I read Shorrocks' Econometrica paper, I couldn't
>come up with its original.
MET stands for Mean Exit Time. The Shorrocks index is a function of the
mean exit time from a class (which is determined by the diagonal elements
of the transition matrix).
An early reference is Prais, S.J. 1955, Measuring Social Mobility in
Journal of the Royal Statistical Society, Series A, 188:56-66.
Philippe
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