Just as equality of opportunity becomes an increasingly prominent concept in normative economics, the authors argue that it is also a relevant concept for positive models of the links between distribution and aggregate efficiency. Persuasive microeconomic evidence suggests that inequalities in wealth, power, and status have efficiency costs. These variables capture different aspects of people's opportunity sets, for which observed income may be a...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2006/01/01
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Рабочий документ в рамках исследования вопросов политики
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WPS3816
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1
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1
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2010/07/01
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Disclosed
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Inequality of opportunity and economic development
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inequality of opportunity