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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| Online Access: | http://hdl.handle.net/10986/21484 |
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okr-10986-214842021-04-23T14:04:02Z Global Inequality of Opportunity : How Much of Our Income Is Determined By Where We Live? Milanovic, Branko global inequality income distribution inequality of opportunity 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. 2015-02-24T20:05:09Z 2015-02-24T20:05:09Z 2014-01-07 Journal Article Review of Economics and Statistics http://hdl.handle.net/10986/21484 en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank MIT Press Publications & Research Publications & Research :: Journal Article |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
en_US |
| topic |
global inequality income distribution inequality of opportunity |
| spellingShingle |
global inequality income distribution inequality of opportunity Milanovic, Branko Global Inequality of Opportunity : How Much of Our Income Is Determined By Where We Live? |
| description |
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. |
| format |
Journal Article |
| author |
Milanovic, Branko |
| author_facet |
Milanovic, Branko |
| author_sort |
Milanovic, Branko |
| title |
Global Inequality of Opportunity : How Much of Our Income Is Determined By Where We Live? |
| title_short |
Global Inequality of Opportunity : How Much of Our Income Is Determined By Where We Live? |
| title_full |
Global Inequality of Opportunity : How Much of Our Income Is Determined By Where We Live? |
| title_fullStr |
Global Inequality of Opportunity : How Much of Our Income Is Determined By Where We Live? |
| title_full_unstemmed |
Global Inequality of Opportunity : How Much of Our Income Is Determined By Where We Live? |
| title_sort |
global inequality of opportunity : how much of our income is determined by where we live? |
| publisher |
MIT Press |
| publishDate |
2015 |
| url |
http://hdl.handle.net/10986/21484 |
| _version_ |
1764448401385062400 |