This paper proposes a model of wealth distribution dynamics with a capital market imperfection and a production … inequality of opportunity, as well as to greater output. This provides an additional rationale for an active role for the …

This paper relies on a model of wealth distribution dynamics and occupational choice to investigate the distributional … that even an efficient privatization designed to be egalitarian may lead to increases in inequality (and possibly poverty … may also contribute to an increase in inequality, as can labour market reforms that lead to a decompression of the …

What part of the inequality observed in a particular country is due to unequal opportunities, rather than to … differences in individual efforts or luck? This paper estimates a lower bound for the opportunity share of inequality in labor … earnings, household income per capita and household consumption per capita in six Latin American countries. Following John …