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Economic Development as Opportunity Equalization

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  • John E. Roemer

Abstract

The justification of using GNP per capita as a measure of economic development is utilitarian ethics plus an assumption that no needs are more urgent than others. Here, we advocate a measure of economic development based on the degree to which the society in question has equalized opportunities for the acquisition of income. In highly developed economies, inequality of opportunity accounts for less than 10% of total inequality, while in developing economies, it accounts for over 30%.

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Bibliographic Info

Paper provided by UCLA Department of Economics in its series Levine's Bibliography with number 321307000000000445.

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Date of creation: 22 Sep 2006
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Handle: RePEc:cla:levrem:321307000000000445

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  1. GDP is not everything
    by Economic Logician in Economic Logic on 2008-04-24 02:08:00
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Cited by:
  1. Ashish Singh, 2010. "The Effect of Family Background on Individual Wages and an Examination of Inequality of Opportunity in India," Journal of Labor Research, Springer, vol. 31(3), pages 230-246, September.
  2. Singh, Ashish, 2010. "Inequality of opportunity in Indian children: the case of immunization and nutrition," MPRA Paper 32505, University Library of Munich, Germany.
  3. World Bank, 2012. "Well Begun, Not Yet Done : Vietnam's Remarkable Progress on Poverty Reduction and the Emerging Challenges," World Bank Other Operational Studies 12326, The World Bank.

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