Economic Growth and Equality of Opportunity
The paper proposes an approach to understand the relationship between inequality and economic growth obtained by shifting the analysis from the space of final achievements to the space of opportunities. To this end, it introduces a formal framework...
| Main Authors: | , , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/09/18228093/economic-growth-equality-opportunity http://hdl.handle.net/10986/15833 |
| Summary: | The paper proposes an approach to
understand the relationship between inequality and economic
growth obtained by shifting the analysis from the space of
final achievements to the space of opportunities. To this
end, it introduces a formal framework based on the concept
of the Opportunity Growth Incidence Curve. This framework
can be used to evaluate the income dynamics of specific
groups of the population and to infer the role of growth in
the evolution of inequality of opportunity over time. The
paper shows the relevance of the introduced framework by
providing two empirical analyses, one for Italy and the
other for Brazil. These analyses show the distributional
impact of the recent growth experienced by Brazil and the
recent crisis suffered by Italy from both the income
inequality and opportunity inequality perspectives. |
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