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How Useful Is Inequality of Opportunity as a Policy Construct?

In: Inequality and Growth: Patterns and Policy

Author

Listed:
  • Ravi Kanbur

    (Cornell University)

  • Adam Wagstaff

    (World Bank)

Abstract

In policy and political discourse, “equality of opportunity” is the new motherhood and apple pie. It is often contrasted with equality of outcomes, with the latter coming off worse. Equality of outcomes is seen variously as Utopian, as infeasible, as detrimental to incentives, and even as inequitable if outcomes are the result of differing efforts. Equality of opportunity, on the other hand, is interchangeable with phrases such as ‘leveling the playing field’, ‘giving everybody an equal start’ and ‘making the most of inherent talents.’ In its strongest form, the position is that equality of outcomes should be irrelevant to policy; what matters is equality of opportunity.

Suggested Citation

  • Ravi Kanbur & Adam Wagstaff, 2016. "How Useful Is Inequality of Opportunity as a Policy Construct?," International Economic Association Series, in: Kaushik Basu & Joseph E. Stiglitz (ed.), Inequality and Growth: Patterns and Policy, chapter 4, pages 131-150, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-137-55454-3_4
    DOI: 10.1057/9781137554543_4
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    References listed on IDEAS

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    More about this item

    Keywords

    Educational Attainment; Income Inequality; Credit Market; Moral Intuition; World Development Report;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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