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Are the United States still a land of opportunity? We provide new insights on this question by invoking a novel measurement approach that allows us to target the joint distribution of income and wealth. We show that inequality of opportunity has increased by 77% over the time period 1983-2016....
Persistent link: https://www.econbiz.de/10013093036
One set of government statistics shows that the average incomes of Canadians in the lowest quintile of the distribution, the “poor”, remained constant during the period from 1990 to 2009. Another set of government statistics indicates that, over the same period, the “poor” enjoyed a 180%...
Persistent link: https://www.econbiz.de/10013000884
Are the United States still a land of opportunity? We provide new insights on this question by invoking a novel measurement approach that allows us to target the joint distribution of income and wealth. We show that inequality of opportunity has increased by 77% over the time period 1983-2016....
Persistent link: https://www.econbiz.de/10013169954
This paper explores the perceptions of inequality and their associations with social mobility exploiting the ISSP and LiTS cross-country data sets. These perceptions vary across countries as well as across individuals within countries. We try to explain this variation by examining the diverse...
Persistent link: https://www.econbiz.de/10013040179
This study contributes to the literature on inequality of opportunity (IOp) in China by covering a longer and more recent span of time, employing better measures of given characteristics, and analyzing IOp for household income per capita with comparisons to individual income. Furthermore, we...
Persistent link: https://www.econbiz.de/10012550223
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/10013077326
This paper proposes an ex-post measure of inequality of opportunity in France and its regions by assessing the inequality between individuals exerting the same effort. To this end, we define a fair income that fulfils ex-post equality of opportunity requirements. Unfairness is measured by an...
Persistent link: https://www.econbiz.de/10013080927
Equality of opportunity is an ethical goal with almost universal appeal. The interpretation taken here is that a society has achieved equality of opportunity if it is the case that what individuals accomplish, with respect to some desirable objective, is determined wholly by their choices and...
Persistent link: https://www.econbiz.de/10009130144
This paper considers the phenomenon of income mobility during the process of economic transition in Russia. The study is based on the Russian Longitudinal Monitoring Survey (RLMS) data. The process of economic transition has generated sharp changes in the distribution of income among Russian...
Persistent link: https://www.econbiz.de/10014146337
People who believe that their society has few impediments to upward mobility tend to oppose governmental redistribution. This is true even among the poor. Is this because people with this belief expect to be well off in the future, and hence oppose redistribution on self-interested gounds? Or is...
Persistent link: https://www.econbiz.de/10014067868