Measurement of inequality of opportunity: A normative approach
We develop a normative approach to the measurement of inequality of opportunity. That is, we measure inequality of opportunity by the welfare gain obtained in moving from the actual income distribution to the optimal income distribution of the total available income. Our study brings together the ma...
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| Veröffentlicht in: | Journal of economic inequality 2021-06, Vol.19 (2), p.213-237 |
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| container_end_page | 237 |
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| container_issue | 2 |
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| container_title | Journal of economic inequality |
| container_volume | 19 |
| creator | Bosmans, Kristof Öztürk, Z. Emel |
| description | We develop a normative approach to the measurement of inequality of opportunity. That is, we measure inequality of opportunity by the welfare gain obtained in moving from the actual income distribution to the optimal income distribution of the total available income. Our study brings together the main approaches in the literature: we axiomatically characterize social welfare functions, we obtain prominent allocation rules as their optima, and we derive familiar classes of inequality of opportunity measures. Our analysis captures moreover the key philosophical distinctions in the literature: ex post versus ex ante compensation, and liberal versus utilitarian reward. |
| doi_str_mv | 10.1007/s10888-020-09468-1 |
| format | Article |
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| identifier | ISSN: 1569-1721 |
| ispartof | Journal of economic inequality, 2021-06, Vol.19 (2), p.213-237 |
| issn | 1569-1721 1573-8701 |
| language | eng |
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| source | SpringerLink Journals - AutoHoldings; EBSCOhost Business Source Complete |
| subjects | Analysis Development Economics Economic Growth Economics Economics and Finance Income distribution Inequality International Economics Measurement Political Science Public Finance |
| title | Measurement of inequality of opportunity: A normative approach |
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