attractiveness in particular of Luck Egalitarianism, compensating inequalities due to chance but not those due to choice. We find …

This paper studies the impact of exam luck on individuals’ education and labor market success. We leverage unique … improvements in both their high school GPA and diploma probability. Subsequently, exam luck generates substantial and persistent … wage differentials across otherwise identical individuals. These luck-induced wage effects are of a similar magnitude as …

comes from effort rather than luck regardless of their income position; (4) the effect of social mobility on inequality …

luck. We show theoretically that meritocrats in such situations can become very egalitarian in their behavior, and that the …