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...

Full description

Bibliographic Details
Main Authors: Peragine, Vito, Palmisano, Flaviana, Brunori, Paolo
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2013
Subjects:
GDP
MBI
Online Access:http://documents.worldbank.org/curated/en/2013/09/18228093/economic-growth-equality-opportunity
http://hdl.handle.net/10986/15833
id okr-10986-15833
recordtype oai_dc
spelling okr-10986-158332021-04-23T14:03:27Z Economic Growth and Equality of Opportunity Peragine, Vito Palmisano, Flaviana Brunori, Paolo AGGREGATE GROWTH AGGREGATE MEASURE AGRICULTURAL SECTOR AVERAGE GROWTH AVERAGE GROWTH RATE AVERAGE INCOME CAPACITY BUILDING CAPITA INCOME GROWTH CUMULATIVE DISTRIBUTION CUMULATIVE DISTRIBUTION FUNCTION DESCRIPTIVE STATISTICS DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DEVELOPMENT REPORT DISPOSABLE INCOME DISTRIBUTIONAL CHANGES DISTRIBUTIONAL DYNAMICS DISTRIBUTIONAL EFFECT DISTRIBUTIONAL EFFECTS DISTRIBUTIONAL IMPACT DISTRIBUTIONAL IMPLICATIONS ECONOMETRICS ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INEQUALITY ECONOMIC REFORMS ECONOMIC RELATIONS ECONOMIC RESEARCH ECONOMIC REVIEW ECONOMIC STUDIES ECONOMIC TRENDS ECONOMICS LETTERS EMPIRICAL ANALYSIS EMPIRICAL APPLICATION EMPIRICAL ESTIMATES EMPIRICAL EVIDENCE EMPIRICAL SECTION FINANCIAL CRISIS FUTURE RESEARCH GDP GINI INDEX GROWTH ANALYSIS GROWTH EPISODE GROWTH EPISODES GROWTH PERIOD GROWTH PROCESS GROWTH RATE GROWTH RATES GROWTH RESULTS GROWTH SPELL HEADCOUNT RATIO HEALTH CARE HOUSEHOLD INCOME HOUSEHOLD MEMBERS HOUSEHOLD SIZE HUMAN CAPITAL INCOME CHANGE INCOME DECLINE INCOME DISTRIBUTION INCOME DISTRIBUTIONS INCOME GROWTH INCOME GROWTH RATE INCOME INEQUALITY INCOME POVERTY INCOME QUANTILES INCOMES INDIVIDUAL INCOMES INEQUALITY AVERSION INEQUALITY DECLINES INEQUALITY INDEX INEQUALITY MEASURE INTERNATIONAL COMPARISONS LABOR MARKET LORENZ CURVE MBI MEAN GROWTH MEAN INCOME MEAN INCOME GROWTH MEASURING INEQUALITY NEGATIVE GROWTH NEGATIVE IMPACT NEGATIVE VALUE NORMATIVE ECONOMICS OPPORTUNITY SET OPPORTUNITY SETS PENSIONS PER CAPITA INCOME POLICY DISCUSSIONS POLICY INTERVENTIONS POLICY MAKERS POLICY RESEARCH POPULATION SHARE POSITIVE GROWTH POSITIVE ROLE POSITIVE VALUE POVERTY DYNAMICS POVERTY HEADCOUNT POVERTY REDUCTION POVERTY-GROWTH-INEQUALITY TRIANGLE PRO-POOR PRO-POOR GROWTH PRODUCTION FUNCTION PROGRAMS PUBLIC ECONOMICS PUBLIC INTERVENTION PUBLIC POLICIES REDISTRIBUTIONAL IMPACT REDISTRIBUTIVE IMPACT RELATIVE POSITION RISK AVERSE SECOND-ORDER DOMINANCE SOCIAL DEVELOPMENT SOCIAL PROTECTION SOCIAL SECURITY STANDARD TOOL WEALTH 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. 2013-09-25T21:16:05Z 2013-09-25T21:16:05Z 2013-09 http://documents.worldbank.org/curated/en/2013/09/18228093/economic-growth-equality-opportunity http://hdl.handle.net/10986/15833 English en_US Policy Research Working Paper;no. 6599 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Europe and Central Asia Latin America & Caribbean
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic AGGREGATE GROWTH
AGGREGATE MEASURE
AGRICULTURAL SECTOR
AVERAGE GROWTH
AVERAGE GROWTH RATE
AVERAGE INCOME
CAPACITY BUILDING
CAPITA INCOME GROWTH
CUMULATIVE DISTRIBUTION
CUMULATIVE DISTRIBUTION FUNCTION
DESCRIPTIVE STATISTICS
DEVELOPING COUNTRIES
DEVELOPMENT ECONOMICS
DEVELOPMENT POLICY
DEVELOPMENT REPORT
DISPOSABLE INCOME
DISTRIBUTIONAL CHANGES
DISTRIBUTIONAL DYNAMICS
DISTRIBUTIONAL EFFECT
DISTRIBUTIONAL EFFECTS
DISTRIBUTIONAL IMPACT
DISTRIBUTIONAL IMPLICATIONS
ECONOMETRICS
ECONOMIC ACTIVITY
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC INEQUALITY
ECONOMIC REFORMS
ECONOMIC RELATIONS
ECONOMIC RESEARCH
ECONOMIC REVIEW
ECONOMIC STUDIES
ECONOMIC TRENDS
ECONOMICS LETTERS
EMPIRICAL ANALYSIS
EMPIRICAL APPLICATION
EMPIRICAL ESTIMATES
EMPIRICAL EVIDENCE
EMPIRICAL SECTION
FINANCIAL CRISIS
FUTURE RESEARCH
GDP
GINI INDEX
GROWTH ANALYSIS
GROWTH EPISODE
GROWTH EPISODES
GROWTH PERIOD
GROWTH PROCESS
GROWTH RATE
GROWTH RATES
GROWTH RESULTS
GROWTH SPELL
HEADCOUNT RATIO
HEALTH CARE
HOUSEHOLD INCOME
HOUSEHOLD MEMBERS
HOUSEHOLD SIZE
HUMAN CAPITAL
INCOME CHANGE
INCOME DECLINE
INCOME DISTRIBUTION
INCOME DISTRIBUTIONS
INCOME GROWTH
INCOME GROWTH RATE
INCOME INEQUALITY
INCOME POVERTY
INCOME QUANTILES
INCOMES
INDIVIDUAL INCOMES
INEQUALITY AVERSION
INEQUALITY DECLINES
INEQUALITY INDEX
INEQUALITY MEASURE
INTERNATIONAL COMPARISONS
LABOR MARKET
LORENZ CURVE
MBI
MEAN GROWTH
MEAN INCOME
MEAN INCOME GROWTH
MEASURING INEQUALITY
NEGATIVE GROWTH
NEGATIVE IMPACT
NEGATIVE VALUE
NORMATIVE ECONOMICS
OPPORTUNITY SET
OPPORTUNITY SETS
PENSIONS
PER CAPITA INCOME
POLICY DISCUSSIONS
POLICY INTERVENTIONS
POLICY MAKERS
POLICY RESEARCH
POPULATION SHARE
POSITIVE GROWTH
POSITIVE ROLE
POSITIVE VALUE
POVERTY DYNAMICS
POVERTY HEADCOUNT
POVERTY REDUCTION
POVERTY-GROWTH-INEQUALITY TRIANGLE
PRO-POOR
PRO-POOR GROWTH
PRODUCTION FUNCTION
PROGRAMS
PUBLIC ECONOMICS
PUBLIC INTERVENTION
PUBLIC POLICIES
REDISTRIBUTIONAL IMPACT
REDISTRIBUTIVE IMPACT
RELATIVE POSITION
RISK AVERSE
SECOND-ORDER DOMINANCE
SOCIAL DEVELOPMENT
SOCIAL PROTECTION
SOCIAL SECURITY
STANDARD TOOL
WEALTH
spellingShingle AGGREGATE GROWTH
AGGREGATE MEASURE
AGRICULTURAL SECTOR
AVERAGE GROWTH
AVERAGE GROWTH RATE
AVERAGE INCOME
CAPACITY BUILDING
CAPITA INCOME GROWTH
CUMULATIVE DISTRIBUTION
CUMULATIVE DISTRIBUTION FUNCTION
DESCRIPTIVE STATISTICS
DEVELOPING COUNTRIES
DEVELOPMENT ECONOMICS
DEVELOPMENT POLICY
DEVELOPMENT REPORT
DISPOSABLE INCOME
DISTRIBUTIONAL CHANGES
DISTRIBUTIONAL DYNAMICS
DISTRIBUTIONAL EFFECT
DISTRIBUTIONAL EFFECTS
DISTRIBUTIONAL IMPACT
DISTRIBUTIONAL IMPLICATIONS
ECONOMETRICS
ECONOMIC ACTIVITY
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC INEQUALITY
ECONOMIC REFORMS
ECONOMIC RELATIONS
ECONOMIC RESEARCH
ECONOMIC REVIEW
ECONOMIC STUDIES
ECONOMIC TRENDS
ECONOMICS LETTERS
EMPIRICAL ANALYSIS
EMPIRICAL APPLICATION
EMPIRICAL ESTIMATES
EMPIRICAL EVIDENCE
EMPIRICAL SECTION
FINANCIAL CRISIS
FUTURE RESEARCH
GDP
GINI INDEX
GROWTH ANALYSIS
GROWTH EPISODE
GROWTH EPISODES
GROWTH PERIOD
GROWTH PROCESS
GROWTH RATE
GROWTH RATES
GROWTH RESULTS
GROWTH SPELL
HEADCOUNT RATIO
HEALTH CARE
HOUSEHOLD INCOME
HOUSEHOLD MEMBERS
HOUSEHOLD SIZE
HUMAN CAPITAL
INCOME CHANGE
INCOME DECLINE
INCOME DISTRIBUTION
INCOME DISTRIBUTIONS
INCOME GROWTH
INCOME GROWTH RATE
INCOME INEQUALITY
INCOME POVERTY
INCOME QUANTILES
INCOMES
INDIVIDUAL INCOMES
INEQUALITY AVERSION
INEQUALITY DECLINES
INEQUALITY INDEX
INEQUALITY MEASURE
INTERNATIONAL COMPARISONS
LABOR MARKET
LORENZ CURVE
MBI
MEAN GROWTH
MEAN INCOME
MEAN INCOME GROWTH
MEASURING INEQUALITY
NEGATIVE GROWTH
NEGATIVE IMPACT
NEGATIVE VALUE
NORMATIVE ECONOMICS
OPPORTUNITY SET
OPPORTUNITY SETS
PENSIONS
PER CAPITA INCOME
POLICY DISCUSSIONS
POLICY INTERVENTIONS
POLICY MAKERS
POLICY RESEARCH
POPULATION SHARE
POSITIVE GROWTH
POSITIVE ROLE
POSITIVE VALUE
POVERTY DYNAMICS
POVERTY HEADCOUNT
POVERTY REDUCTION
POVERTY-GROWTH-INEQUALITY TRIANGLE
PRO-POOR
PRO-POOR GROWTH
PRODUCTION FUNCTION
PROGRAMS
PUBLIC ECONOMICS
PUBLIC INTERVENTION
PUBLIC POLICIES
REDISTRIBUTIONAL IMPACT
REDISTRIBUTIVE IMPACT
RELATIVE POSITION
RISK AVERSE
SECOND-ORDER DOMINANCE
SOCIAL DEVELOPMENT
SOCIAL PROTECTION
SOCIAL SECURITY
STANDARD TOOL
WEALTH
Peragine, Vito
Palmisano, Flaviana
Brunori, Paolo
Economic Growth and Equality of Opportunity
geographic_facet Europe and Central Asia
Latin America & Caribbean
relation Policy Research Working Paper;no. 6599
description 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.
format Publications & Research :: Policy Research Working Paper
author Peragine, Vito
Palmisano, Flaviana
Brunori, Paolo
author_facet Peragine, Vito
Palmisano, Flaviana
Brunori, Paolo
author_sort Peragine, Vito
title Economic Growth and Equality of Opportunity
title_short Economic Growth and Equality of Opportunity
title_full Economic Growth and Equality of Opportunity
title_fullStr Economic Growth and Equality of Opportunity
title_full_unstemmed Economic Growth and Equality of Opportunity
title_sort economic growth and equality of opportunity
publisher World Bank, Washington, DC
publishDate 2013
url http://documents.worldbank.org/curated/en/2013/09/18228093/economic-growth-equality-opportunity
http://hdl.handle.net/10986/15833
_version_ 1764432106256072704