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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/10003936795
theory of social justice: the principles of compensation and reward. Ex-ante and ex-post versions of the compensation …
Persistent link: https://www.econbiz.de/10010510602
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/10010226762
Persistent link: https://www.econbiz.de/10009270833
worse-off - is consistent with the normative theory of equality of opportunity. We show that there are inherent tensions … aversion. The precise nature of the compromises depends on the specific variant of the theory of equality of opportunity that …
Persistent link: https://www.econbiz.de/10012431403