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Equality of Opportunity, Moral Hazard and the Timing of Luck

Lefranc, Arnaud; Trannoy, Alain - 2017

idea that effort deserves reward for it is costly. We show that luck can be introduced in two ways in the definition of … these principles, depending on whether the correlation between luck and circumstances should be nullified and whether the … correlation between luck and effort should be rewarded. In this regard, the timing of luck with respect to effort decisions is …

Persistent link: https://www.econbiz.de/10011653373

Equalization of Opportunity: Definitions, Implementable Conditions and Application to Early-Childhood Policy Evaluation

Andreoli, Francesco; Havnes, Tarjei; Lefranc, Arnaud - 2014

This paper develops a criterion to assess equalization of opportunity that is consistent with theoretical views of equality of opportunity. We characterize inequality of opportunity as a situation where some groups in society enjoy an illegitimate advantage. In this context, equalization of...

Persistent link: https://www.econbiz.de/10010421203

Equality of opportunity and the distribution of long-run income in Sweden

Björklund, Anders; Jäntti, Markus; Roemer, John E. - 2011

Equality of opportunity is an ethical goal with almost universal appeal. The interpretation taken here is that a society has achieved equality of opportunity if it is the case that what individuals accomplish, with respect to some desirable objective, is determined wholly by their choices and...

Persistent link: https://www.econbiz.de/10010274702

Evaluating dominance ranking of PSID incomes by various household attributes

Maasoumi, Esfandiar; Heshmati, Almas - 2005

We examine the dynamic evolution of incomes, both disposable and gross, for several groups in the PSID panel data at several points from 1968 to 1997. We employ the extended Kolmogorov-Smirnov tests of First and Second Order Stochastic Dominance (SD) as implemented by Maasoumi and Heshmati...

Persistent link: https://www.econbiz.de/10010267644

Higher education and equality of opportunity in Italy

Peragine, Vito; Serlenga, Laura - 2007

This paper proposes a definition of equality of educational opportunities. Then, it develops a comprehensive model that allows to test for the existence of equality of opportunity in a given distribution and to rank distributions according to equality of opportunity. Finally, it provides an...

Persistent link: https://www.econbiz.de/10010268806

Prioritarianism and Equality of Opportunity

Brunori, Paolo; Ferreira, Francisco H. G.; Peragine, Vito - 2021

This paper asks whether prioritarianism – the view that social welfare orderings should give explicit priority to the worse-off – is consistent with the normative theory of equality of opportunity. We show that there are inherent tensions between some of the axioms underpinning...

Persistent link: https://www.econbiz.de/10012498001

Intergenerational income persistence

Blanden, Jo - In: IZA World of Labor (2015)

A strong association between incomes across generations—with children from poor families likely to be poor as adults—is frequently considered an indicator of insufficient equality of opportunity. Studies of such “intergenerational persistence,” or lack of intergenerational mobility, are...

Persistent link: https://www.econbiz.de/10011405001

Lower and Upper Bounds of Unfair Inequality: Theory and Evidence for Germany and the US

Niehues, Judith; Peichl, Andreas - 2011

Previous estimates of unfair inequality of opportunity (IOp) are only lower bounds because of the unobservability of the full set of endowed circumstances beyond the sphere of individual responsibility. In this paper, we suggest a new estimator based on a fixed effects panel model which...

Persistent link: https://www.econbiz.de/10011601037

Intergenerational mobility and the rise and fall of inequality: Lessons from Latin America

Neidhöfer, Guido - 2015

Countries with high income inequality also show a strong association between parents' and children's economic well-being; i.e. low intergenerational mobility. This study is the first to test this relationship in a between and within country setup, using harmonized micro data from 18 Latin...

Persistent link: https://www.econbiz.de/10011646661

Intergenerational income persistence

Blanden, Jo - In: IZA World of Labor (2019)

Persistent link: https://www.econbiz.de/10011984692

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