Showing 1 - 7 of 7
Despite a recent surge in the number of studies attempting to measure inequality of opportunity in various countries, methodological differences have so far prevented meaningful international comparisons. This paper presents a comparison of ex-ante measures of inequality of economic opportunity...
Persistent link: https://www.econbiz.de/10011163081
Individual income is determined by free-will actions related to the level of effort exerted and by opportunities determined by aspects beyond the individual's control, such as family background, race, place of birth or health endowments. Taking human capital as the main engine of development, we...
Persistent link: https://www.econbiz.de/10010878107
We axiomatically characterize two classes of poverty measures which are sensitive to inequality of opportunity - one a strict subset of the other. The proposed indices are sensitive not only to income shortfalls from the poverty line, but also to differences in opportunities faced by people with...
Persistent link: https://www.econbiz.de/10010878115
Conventional wisdom predicts that changes in macroeconomic conditions significantly affect income inequality. In this paper we hypothesize that the way in which macroeconomic conditions affect inequality depends on how these conditions influence the constituents of total inequality: inequality...
Persistent link: https://www.econbiz.de/10010592829
In this paper we argue that a better understanding of the relationship between inequality and growth can be obtained by shifting the analysis from the space of final achievements to the space of opportunities. To this end, we introduce the Opportunity Growth Incidence Curve (OGIC) that can be...
Persistent link: https://www.econbiz.de/10010627589
This paper addresses the problem of the normative evaluation of income tax systems and income tax reforms. While most of the existing criteria, framed in the utilitarian tradition, are uniquely based on information about individual incomes, this paper, building upon the opportunity egalitarian...
Persistent link: https://www.econbiz.de/10011103405
Using family income from the Panel Study of Income Dynamics (PSID), we apply Quantile Regression to estimate the Intergenerational Income Elasticity (IGE) by percentiles in the U.S. from 1980 to 2010. For the whole period, the IGE shows a Ushape across the income distribution, with maximum...
Persistent link: https://www.econbiz.de/10011103407