Economic Growth and Equality of Opportunity

In this paper, we argue that a better understanding of the relationship between inequality and economic growth can be obtained by shifting the analysis from the space of final achievements to the space of opportunities. To this end, we introduce a formal framework based on the concept of the Opportu...

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Main Authors:	Peragine, Vito, Palmisano, Flaviana, Brunori, Paolo
Format:	Journal Article
Language:	en_US
Published:	Oxford University Press on behalf of the World Bank 2015
Subjects:	cumulative distribution developing countries development economics distributional effect distributional impact economic activity economic development Economic Growth Gini index growth episode growth process growth rate income growth income inequality income poverty labor market per capita income poverty reduction public policies standard tool
Online Access:	http://hdl.handle.net/10986/23540

id	okr-10986-23540
recordtype	oai_dc
spelling	okr-10986-235402021-04-23T14:04:15Z Economic Growth and Equality of Opportunity Peragine, Vito Palmisano, Flaviana Brunori, Paolo cumulative distribution developing countries development economics distributional effect distributional impact economic activity economic development Economic Growth Gini index growth episode growth process growth rate income growth income inequality income poverty labor market per capita income poverty reduction public policies standard tool In this paper, we argue that a better understanding of the relationship between inequality and economic growth can be obtained by shifting the analysis from the space of final achievements to the space of opportunities. To this end, we introduce 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. We show 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. 2015-12-29T21:00:31Z 2015-12-29T21:00:31Z 2014-05-27 Journal Article World Bank Economic Review 1564-698X http://hdl.handle.net/10986/23540 en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Oxford University Press on behalf of the World Bank Publications & Research :: Journal Article Publications & Research Brazil Italy
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	cumulative distribution developing countries development economics distributional effect distributional impact economic activity economic development Economic Growth Gini index growth episode growth process growth rate income growth income inequality income poverty labor market per capita income poverty reduction public policies standard tool
spellingShingle	cumulative distribution developing countries development economics distributional effect distributional impact economic activity economic development Economic Growth Gini index growth episode growth process growth rate income growth income inequality income poverty labor market per capita income poverty reduction public policies standard tool Peragine, Vito Palmisano, Flaviana Brunori, Paolo Economic Growth and Equality of Opportunity
geographic_facet	Brazil Italy
description	In this paper, we argue that a better understanding of the relationship between inequality and economic growth can be obtained by shifting the analysis from the space of final achievements to the space of opportunities. To this end, we introduce 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. We show 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	Journal Article
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	Oxford University Press on behalf of the World Bank
publishDate	2015
url	http://hdl.handle.net/10986/23540
_version_	1764454132889944064

Economic Growth and Equality of Opportunity

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