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The paper proposes an approach to understand the relationship between inequality and economic growth obtained by shifting the analysis from the space of final achievements to the space of opportunities. To this end, it introduces a formal framework based on the concept of the Opportunity Growth...
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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, that can be used to...
Persistent link: https://www.econbiz.de/10013119513
The aim of this paper is to propose an axiomatic characterization of an aggregate measure of growth that takes into account the initial economic conditions of individuals, through their position in the initial income distribution. The contribution of our work to the existing literature is...
Persistent link: https://www.econbiz.de/10013085384
The paper proposes an approach to understand the relationship between inequality and economic growth obtained by shifting the analysis from the space of final achievements to the space of opportunities. To this end, it introduces a formal framework based on the concept of the Opportunity Growth...
Persistent link: https://www.econbiz.de/10012974008
The paper proposes an approach to understand the relationship between inequality and economic growth obtained by shifting the analysis from the space of final achievements to the space of opportunities. To this end, it introduces a formal framework based on the concept of the Opportunity Growth...
Persistent link: https://www.econbiz.de/10012560202