dynamic measure permits us to focus on inequality as well as distinguish between countries where per capita income growth was …

biased estimates of inequality of opportunity. These shortcomings may be particularly pronounced for emerging economies in … extent of upward and downward bias in inequality of opportunity estimates for a set of twelve emerging economies. Our … findings suggest strongly downward biased estimates of inequality of opportunity in these countries. To the contrary, there is …

Higher inequality reduces capital accumulation and increases the informal economy, which creates additional employment …. Policymakers should consider the links between inequality and informality because badly designed informality-reducing policies may … increase inequality. …