Global Inequality of Opportunity : How Much of Our Income Is Determined By Where We Live?
Suppose that all people in the world are allocated only two characteristics over which they have (almost) no control: country of residence and income distribution within that country. Assume further that there is no migration. We show that more than one-half of variability in income of world populat...
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| Format: | Journal Article |
| Language: | en_US |
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MIT Press
2015
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| Online Access: | http://hdl.handle.net/10986/21484 |
| Summary: | Suppose that all people in the world are allocated only two characteristics over which they have (almost) no control: country of residence and income distribution within that country. Assume further that there is no migration. We show that more than one-half of variability in income of world population classified according to their household per capita in one-percent income groups (by country) is accounted for by these two characteristics. The role of effort or luck cannot play a large role in explaining global distribution of income. |
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