Recent developments in the inequality literature has stressed the importance of inequality of opportunity as opposed to inequality of outcome. In this paper we investigate the presence of ex post inequality of opportunity in two measures of educational achievement for a representative sample of...

Deciding whether a time series that appears nonstationary is in fact fractionally integrated or subject to structural change is a diffcult task. However, various tests have recently been introduced for distinguishing long memory from level shifts and nonlinearity. In this paper, three testing...