Arbeitspapier
Measuring long-term inequality of opportunity
In this paper, we introduce and apply a general framework for evaluating long-term income distributions according to the Equality of Opportunity principle (EOp). Our framework allows for both an ex-ante and an ex-post approach to EOp. Our ex-post approach relies on a permanent income measure defined as the minimum annual expenditure an individual would need in order to be as well off as he could be by undertaking inter-period income transfers. There is long-term ex-post inequality of opportunity if individuals who exert the same effort have different permanent incomes. In comparison, the ex-ante approach focuses on the expected permanent income for individuals with identical circumstances. Hence, the ex-ante approach pays attention to inequalities in expected permanent income between different types of individuals. To demonstrate the empirical relevance of a long-run perspective on EOp, we exploit a unique panel data from Norway on individuals' incomes over their working lifespan.
- Language
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Englisch
- Bibliographic citation
-
Series: Discussion Papers ; No. 620
- Classification
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Wirtschaft
Social Choice; Clubs; Committees; Associations
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Measurement and Analysis of Poverty
- Subject
-
equality of opportunity
social welfare
inequality
permanent income
intertemporal choice
ex-ante
ex-post
- Event
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Geistige Schöpfung
- (who)
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Aaberge, Rolf
Mogstad, Magne
Peragine, Vito
- Event
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Veröffentlichung
- (who)
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Statistics Norway, Research Department
- (where)
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Oslo
- (when)
-
2010
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
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Object type
- Arbeitspapier
Associated
- Aaberge, Rolf
- Mogstad, Magne
- Peragine, Vito
- Statistics Norway, Research Department
Time of origin
- 2010
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Choosing Measures of Inequality for Empirical Applications
On the measurement of long-term income inequality and income mobility
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