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We axiomatically characterize two classes of poverty measures which are sensitive to inequality of opportunity - one a strict subset of the other. The proposed indices are sensitive not only to income shortfalls from the poverty line, but also to differences in opportunities faced by people with...
Persistent link: https://www.econbiz.de/10010226762
Revealed preferences for equal educational opportunity may be due to beliefs that opportunities increase societal income or income equality. To isolate preferences for those goods, we implement an online discrete choice experiment using social statistics generated from true variation among...
Persistent link: https://www.econbiz.de/10012952955
We propose an axiomatic approach to characterize normative criteria for the evaluation of lifetime income distributions according to the opportunity egalitarian perspective (Roemer, 1998). In a setting in which both individual incomes and predetermined circumstances are variable over time, we...
Persistent link: https://www.econbiz.de/10012828084
To describe preferences for income mobility/equality, we generate statistics that can be interpreted as marginal rates of substitution and converted to willingness-to- pay (WTP). All else constant, U.S. residents are willing to pay $2,736 dollars to increase income equality 10 percentiles and...
Persistent link: https://www.econbiz.de/10012831128
Families, labor markets, and public policies all structure a child's opportunities and determine the extent to which adult earnings are related to family background. Cross-country comparisons and the underlying trends suggest that these drivers will most likely lower the degree of...
Persistent link: https://www.econbiz.de/10009777000
The literature on intergenerational income mobility uses a diverse set of measures and there is limited knowledge about whether these measures provide similar information and yield similar conclusions. We provide a framework to highlight the key concepts and properties of the different...
Persistent link: https://www.econbiz.de/10014048669
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/10010409784
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