Showing 21 - 30 of 697,811
Recent literature has suggested many ways of measuring equality of opportunity. We analyze in a systematic manner the various approaches put forth in the literature to show whether and to what extent different choices matter empirically. We use EU-SILC data for most European countries for 2005...
Persistent link: https://www.econbiz.de/10012942095
Standard income inequality indices can be interpreted as a measure of welfare loss entailed in departures from equality of outcomes, for egalitarian social welfare functions defined on the distribution of outcomes. But such a welfare interpretation has been criticized for a long time on the...
Persistent link: https://www.econbiz.de/10011641764
This paper develops a normative approach to the measurement of ex-ante inequality of opportunity in a multidimensional setting - that is, when the individual outcome is represented by a multidimensional variable. We characterize three classes of social welfare functions, all endorsing ex-ante...
Persistent link: https://www.econbiz.de/10012174008
This paper examines how people redistribute income when there is uncertainty about the role luck plays in determining opportunities and outcomes. We introduce a portable experimental method that generates exogenous variation in the probability that real workers' earnings are due to luck, while...
Persistent link: https://www.econbiz.de/10014077536
A meritocratic fairness ideal is generally believed to regard income inequality as fair if it stems from performance differentials rather than luck. In this study, we present experimental evidence showing that merit judgments are shaped by the source of performance differentials while holding...
Persistent link: https://www.econbiz.de/10013328107
We examine how people redistribute income when there is uncertainty about the role luck plays in determining opportunities and outcomes. We elicit redistribution decisions from a U.S.-representative sample who observe worker outcomes and whether luck magnified workers’ effort (“lucky...
Persistent link: https://www.econbiz.de/10014357631
We examine how people redistribute income when there is uncertainty about the role luck plays in determining opportunities and outcomes. We elicit redistribution decisions from a U.S.- representative sample who observe worker outcomes and whether luck magnified workers’ effort (“lucky...
Persistent link: https://www.econbiz.de/10014467918
Support for redistribution depends on whether inequality stems from differences in performance or luck, but different sources of luck may impact redistribution differentially. We elicit redistribution decisions from a U.S.-representative sample who observe worker earnings and whether luck...
Persistent link: https://www.econbiz.de/10014582297
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
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