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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
This paper provides a normative framework for the assessment of the distributional incidence of growth. By removing the anonymity axiom, such framework is able to evaluate the individual income changes over time and the reshu­ ing of individuals along the income distribution that are determined...
Persistent link: https://www.econbiz.de/10013090621
This paper addresses the problem of ranking growth episodes from a microeconomic perspective. While most of the existing criteria, framed in the pro-poor growth tradition, are either based on anonymous individuals or use to identify them on the base of their status in the initial period, this...
Persistent link: https://www.econbiz.de/10013014586