Publication:
Inequality of Opportunity and Economic Development

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dc.contributor.authorWalton, Michael
dc.contributor.authorFerreira, Francisco H.G.
dc.date.accessioned2012-06-22T16:21:01Z
dc.date.available2012-06-22T16:21:01Z
dc.date.issued2006-01
dc.description.abstractJust 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 poor proxy. One implication is that the cross-country literature on income inequality and growth may have been barking up the wrong tree, and that alternative measures of the relevant distributions are needed. The authors review some of the detailed microeconomic evidence, and then suggest three research areas where further work is needed.en
dc.identifierhttp://documents.worldbank.org/curated/en/2006/01/6530275/inequality-opportunity-economic-development
dc.identifier.urihttps://hdl.handle.net/10986/8793
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 3816
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectAGGREGATE OUTPUT
dc.subjectAVERAGE INCOME
dc.subjectAVERAGE PERFORMANCE
dc.subjectBELIEF SYSTEMS
dc.subjectBI
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKETS
dc.subjectCHILDREN WITHOUT ACCESS
dc.subjectCLASSICAL ECONOMICS
dc.subjectCLASSICAL ECONOMISTS
dc.subjectCOGNITIVE ACHIEVEMENT
dc.subjectCOGNITIVE SKILLS
dc.subjectCREDIT MARKET
dc.subjectDEBT
dc.subjectDECISION MAKING
dc.subjectDEMOCRACY
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT POLICY
dc.subjectDIFFERENTIAL PATHS
dc.subjectDISTRIBUTION OF WEALTH
dc.subjectDISTRIBUTIONAL OUTCOMES
dc.subjectDISTRIBUTIVE POLITICS
dc.subjectEARNINGS INEQUALITY
dc.subjectECONOMETRIC PROBLEMS
dc.subjectECONOMIC EFFICIENCY
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC HISTORIANS
dc.subjectECONOMIC INCENTIVES
dc.subjectECONOMIC INEQUALITY
dc.subjectECONOMIC OUTCOMES
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC RESEARCH
dc.subjectECONOMIC REVIEW
dc.subjectECONOMIC STUDIES
dc.subjectEDUCATION
dc.subjectEDUCATIONAL ATTAINMENT
dc.subjectELASTICITY
dc.subjectELITES
dc.subjectEQUAL ACCESS
dc.subjectEXPECTED RETURNS
dc.subjectEXPERIMENTAL ECONOMICS
dc.subjectFACTOR ENDOWMENTS
dc.subjectFIXED COSTS
dc.subjectGIRLS
dc.subjectGROWTH THEORY
dc.subjectHIGH CONCENTRATION
dc.subjectHUMAN DEVELOPMENT
dc.subjectIMPERFECT CAPITAL MARKETS
dc.subjectIMPERFECT CREDIT
dc.subjectINCOME
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME DISTRIBUTIONS
dc.subjectINCOME INEQUALITY
dc.subjectINCOME LEVELS
dc.subjectINCOMES
dc.subjectINEFFICIENCY
dc.subjectINFANT MORTALITY
dc.subjectINTERGENERATIONAL MOBILITY
dc.subjectINVESTMENT
dc.subjectINVESTMENT OPPORTUNITIES
dc.subjectLAND OWNERSHIP
dc.subjectLEARNING
dc.subjectMACROECONOMICS
dc.subjectMARKET IMPERFECTIONS
dc.subjectMATCHING METHODS
dc.subjectMORTALITY RATES
dc.subjectMULTIPLE EQUILIBRIA
dc.subjectNORMATIVE ECONOMICS
dc.subjectNUTRITION
dc.subjectOPPORTUNITY SET
dc.subjectOPPORTUNITY SETS
dc.subjectOPPORTUNITY ­ SET
dc.subjectPOLICY ALTERNATIVES
dc.subjectPOLICY DECISIONS
dc.subjectPOLICY DESIGN
dc.subjectPOLICY RESEARCH
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL ECONOMY CHANNEL
dc.subjectPOLITICAL ECONOMY MODELS
dc.subjectPOLITICAL RIGHTS
dc.subjectPOLITICAL SCIENCE
dc.subjectPOLITICAL SYSTEMS
dc.subjectPOOR PEOPLE
dc.subjectPRIMARY SCHOOL
dc.subjectPRODUCTIVE OPPORTUNITIES
dc.subjectPROFIT MARGINS
dc.subjectPROGRAMS
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC CHOICE
dc.subjectPUBLIC ECONOMICS
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC GOOD
dc.subjectPUBLIC GOODS
dc.subjectRELATIVE SUPPLY
dc.subjectRESOURCE ALLOCATION
dc.subjectSCHOOLING
dc.subjectSCHOOLS
dc.subjectSERIOUS IMPLICATIONS
dc.subjectSOCIAL GROUPS
dc.subjectSOCIAL HIERARCHY
dc.subjectSOUTH AMERICA
dc.subjectSTUDENT ACHIEVEMENT
dc.subjectTEACHERS
dc.subjectTOTAL OUTPUT
dc.subjectWEALTH
dc.subjectWELFARE ECONOMICS
dc.subjectWELL-BEING
dc.titleInequality of Opportunity and Economic Developmenten
dspace.entity.typePublication
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2006/01/6530275/inequality-opportunity-economic-development
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeEducation
okr.globalpracticeTransport and ICT
okr.globalpracticePoverty
okr.guid330131468139803616
okr.identifier.doi10.1596/1813-9450-3816
okr.identifier.externaldocumentum000016406_20060112091459
okr.identifier.internaldocumentum6530275
okr.identifier.reportWPS3816
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/01/12/000016406_20060112091459/Rendered/PDF/wps3816.pdfen
okr.topicEconomic Theory and Research
okr.topicEducation::Primary Education
okr.topicPoverty Reduction::Poverty Impact Evaluation
okr.topicInformation and Communication Technologies::ICT Policy and Strategies
okr.topicPoverty Reduction::Inequality
okr.topicMacroeconomics and Economic Growth
okr.unitDevelopment Research Group (DECRG)
relation.isAuthorOfPublication2aa2ddfe-f591-50b2-961d-c4991bd3b876
relation.isAuthorOfPublication.latestForDiscovery2aa2ddfe-f591-50b2-961d-c4991bd3b876
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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