Showing 1 - 10 of 1,940
This paper develops a normative approach to the measurement of ex-ante inequality of opportunity in a multidimensional setting - that is, when the individual outcome is represented by a multidimensional variable. We characterize three classes of social welfare functions, all endorsing ex-ante...
Persistent link: https://www.econbiz.de/10012174008
Persistent link: https://www.econbiz.de/10012425302
This paper illustrates how Lorenz Curves can be used to identify the best income distribution on social welfare grounds, within a set of alternative income distributions generated by different policy options. After highlighting some drawbacks of using specific functional forms of the Social...
Persistent link: https://www.econbiz.de/10009004151
Persistent link: https://www.econbiz.de/10012199453
This paper analyzes the relationship between income inequality and inequality of opportunities for income acquisition in nine developed countries during the nineties. We develop a new definition of equality of opportunity and show how it can be implemented empirically. Equality of opportunity is...
Persistent link: https://www.econbiz.de/10005413424
In this paper, we introduce and apply a general framework for evaluating long-term income distributions according to the Equality of Opportunity principle. Our framework allows for both an ex-ante and an ex-post approach to EOp. Our ex-post approach relies on a permanent income measure defined...
Persistent link: https://www.econbiz.de/10010269663
In this paper, we introduce and apply a general framework for evaluating long-term income distributions according to the Equality of Opportunity principle (EOp). Our framework allows for both an ex-ante and an ex-post approach to EOp. Our ex-post approach relies on a permanent income measure...
Persistent link: https://www.econbiz.de/10011968390
We estimate a unified measure of inclusive growth for emerging markets by integrating their economic growth performance and income distribution outcomes, using data over three decades. Country distributions are calibrated by combining PPP GDP per capita and income distribution from survey data....
Persistent link: https://www.econbiz.de/10011242387
We establish a Theorem on Structural Inequality Indices which provides fundamental link between inequality measurement and a concept of social justice embedded in meritocracy framework by taking axiomatic approach and redefining standard properties of inequality indices in a way that...
Persistent link: https://www.econbiz.de/10005837235
In this paper, we introduce and apply a general framework for evaluating long-term income distributions according to the Equality of Opportunity principle. Our framework allows for both an exante and an ex-post approach to EOp. Our ex-post approach relies on a permanent income measure defined as...
Persistent link: https://www.econbiz.de/10008512115