Inequality of opportunity and economic development
Just as equality of opportunity becomes an increasingly prominent concept in normative economics, the authors argue that it is also a relevant concept for positive models of the links between distribution and aggregate efficiency. Persuasive microeconomic evidence suggests that inequalities in wealth, power, and status have efficiency costs. These variablescapture different aspects of people's opportunity sets, for which observed income may be a poor proxy. One implication is that the cross-country literature on income inequality and growth may have been barking up the wrong tree, and that alternative measures of the relevant distributions are needed. The authors review some of the detailed microeconomic evidence, and then suggest three research areas where further work is needed.
|Date of creation:||01 Jan 2006|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: (202) 477-1234
Web page: http://www.worldbank.org/
More information through EDIRC
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.:
- Gignoux, Jérémie & Cogneau, Denis, 2009.
"Earnings inequalities and educational mobility in Brazil over two decades,"
Economics Papers from University Paris Dauphine
123456789/4402, Paris Dauphine University.
- Denis Cogneau & Jérémie Gignoux, 2005. "Earnings Inequalities and Educational Mobility in Brazil over Two Decades," Ibero America Institute for Econ. Research (IAI) Discussion Papers 121, Ibero-America Institute for Economic Research.
- Denis Cogneau & Jérémie Gignoux, 2005. "Earnings inequalities and educational mobility in Brazil over two decades," Working Papers DT/2005/03, DIAL (Développement, Institutions et Mondialisation).
- Atkinson, A-B, 1996.
"Bringing Income Distribution in from the Cold,"
117, Economics Group, Nuffield College, University of Oxford.
- Fernández, Raquel & Galí, Jordi, 1997.
"To Each According To...? Markets, Tournaments, and the Matching Problem with Borrowing Constraints,"
CEPR Discussion Papers
1627, C.E.P.R. Discussion Papers.
- Fernandez, Raquel & Gali, Jordi, 1999. "To Each According to . . . ? Markets, Tournaments, and the Matching Problem with Borrowing Constraints," Review of Economic Studies, Wiley Blackwell, vol. 66(4), pages 799-824, October.
- Fernandez, Raquel & Gali, Jordi, 1997. "To Each According to ...?: Markets, Tournaments, and The Matching Problem with Borrowing Constraints," Working Papers 97-11, C.V. Starr Center for Applied Economics, New York University.
- Raquel Fernandez & Jordi Gali, 1997. "To Each According To...? Markets, Tournaments, and the Matching Problem with Borrowing Constraints," NBER Working Papers 5930, National Bureau of Economic Research, Inc.
- Christina Paxson & Norbert Schady, 2005.
"Cognitive Development Among Young Children in Ecuador: The Roles of Wealth, Health and Parenting,"
239, Princeton University, Woodrow Wilson School of Public and International Affairs, Center for Health and Wellbeing..
- Christina Paxson & Norbert Schady, 2007. "Cognitive Development among Young Children in Ecuador: The Roles of Wealth, Health, and Parenting," Journal of Human Resources, University of Wisconsin Press, vol. 42(1).
- Paxson, Christina & Schady, Norbert, 2005. "Cognitive development among young children in Ecuador : the roles of wealth, health and parenting," Policy Research Working Paper Series 3605, The World Bank.
- Abhijit V. Banerjee & Esther Duflo, 2000.
"Inequality and Growth: What Can the Data Say?,"
NBER Working Papers
7793, National Bureau of Economic Research, Inc.
- Abhijit V. Banerjee & Paul J. Gertler & Maitreesh Ghatak, 2002. "Empowerment and Efficiency: Tenancy Reform in West Bengal," Journal of Political Economy, University of Chicago Press, vol. 110(2), pages 239-280, April.
- Oded Galor & Joseph Zeira, 2013.
"Income Distribution and Macroeconomics,"
2013-12, Brown University, Department of Economics.
- Emily Oster, 2005.
"Hepatitis B and the Case of the Missing Women,"
Journal of Political Economy,
University of Chicago Press, vol. 113(6), pages 1163-1216, December.
- Donal O'Neill & Olive Sweetman & Dirk van de gaer, 1999. "Equiality of Opportunity and Kernel Density Estimation: An Application to Intergenerational Mobility," Economics, Finance and Accounting Department Working Paper Series n950999, Department of Economics, Finance and Accounting, National University of Ireland - Maynooth.
- Hongyi Li & Heng-fu Zou, 1998.
"Income Inequality Is Not Harmful for Growth: Theory and Evidence,"
CEMA Working Papers
74, China Economics and Management Academy, Central University of Finance and Economics.
- Li, Hongyi & Zou, Heng-fu, 1998. "Income Inequality Is Not Harmful for Growth: Theory and Evidence," Review of Development Economics, Wiley Blackwell, vol. 2(3), pages 318-34, October.
When requesting a correction, please mention this item's handle: RePEc:wbk:wbrwps:3816. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Roula I. Yazigi)
If references are entirely missing, you can add them using this form.