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. 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.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 4714
- Klassifikation
-
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
- Thema
-
Equality of opportunity
social welfare
inequality
permanent income
intertemporal choice
ex-ante
ex-post
Einkommensverteilung
Gerechtigkeit
Lebenseinkommen
Messung
Soziale Wohlfahrtsfunktion
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Aaberge, Rolf
Mogstad, Magne
Peragine, Vito
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Aaberge, Rolf
- Mogstad, Magne
- Peragine, Vito
- Institute for the Study of Labor (IZA)
Entstanden
- 2010
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