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Equity, efficiency and inequality traps: A research agenda

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Author Info
François Bourguignon
Francisco Ferreira ()
Michael Walton

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Abstract

This paper discusses a research agenda that arises from unanswered questions and unresolved issues considered in the World Bank’s World Development Report 2006: Equity and Development. After formalizing the key concepts of equity; equality of opportunity; and efficiency, and proposing a definition for an equitable development policy, the paper discusses the concept of inequality traps, around which the research agenda is structured. Four broad groups of research questions are highlighted: those revolving around the measurement of inequality of opportunity and the diagnostics for the existence of an inequality trap; those dealing with the causes of inequality traps; the quantification of their efficiency costs; and those related to how institutions (including governments) evolve to overcome inequality traps. Copyright Springer Science+Business Media, Inc. 2007

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File URL: http://hdl.handle.net/10.1007/s10888-006-9042-8
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Publisher Info
Article provided by Springer in its journal The Journal of Economic Inequality.

Volume (Year): 5 (2007)
Issue (Month): 2 (August)
Pages: 235-256
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Handle: RePEc:kap:jecinq:v:5:y:2007:i:2:p:235-256

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Related research
Keywords: equity; equality of opportunity; inequality traps.;

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References listed on IDEAS
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Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Vincenzo Lombardo, 2008. "Poor's behaviour and inequality traps: the role of human capital," Working Papers 10_2008, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy. [Downloadable!]
  2. Lombardo, Vincenzo, 2008. "Poor’s behaviour and inequality traps: the role of human capital," MPRA Paper 14511, University Library of Munich, Germany. [Downloadable!]
  3. Ferreira , Francisco H. G. & Gignoux, Jeremie, 2008. "The measurement of inequality of opportunity : theory and an application to Latin America," Policy Research Working Paper Series 4659, The World Bank. [Downloadable!]
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