Description
Book SynopsisThis volume contains both theoretical and applied on the concept of equality of opportunity which says that a society should guarantee its members equal access to advantage regardless of their circumstances, while holding them responsible for turning that access into actual advantage by the application of effort. Theoretical papers discuss to what extent some of the measures of inequality of opportunity meet the reward and the compensation principles, a new methodology for evaluating long-term income distributions, the implications of partial observability of individuals' circumstances on the measurement of inequality of opportunity and the advantages of applying segregation indices to study inequality in life chances. The applied work investigates how governments affect inequality of opportunity through the design of their tax and transfer schemes in 15 European countries, the changing role of circumstances for measuring inequality of opportunity in Chile, the existence of a poverty trap in Haiti and its consequences for equality of opportunity, and the correlation between circumstances and effort in the measurement of inequality of opportunity in U.S. during the period 1969-2007.
Table of ContentsList of Contributors. Foreword. Chapter 1 Compensation, Reward, and the Measurement of Unfair Inequalities. Chapter 2 The Implication of Partial Observability of Circumstances on the Measurement of IOp. Chapter 3 Mobility and Long-Term Equality of Opportunity. Chapter 4 Measuring Inequality in Life Chances with Ordinal Variables. Chapter 5 Equality of Opportunity and Redistribution in Europe. Chapter 6 Measuring Circumstances: Francs or Ranks, does it Matter?. Chapter 7 Changes Over Time in Parental Education and Inequality of Opportunities in Chile. Chapter 8 Vulnerability to Poverty: A Microeconometric Approach and Application to the Republic of Haiti. Chapter 9 Inequality of Opportunity in the United States: Trends and Decomposition. Inequality of Opportunity: Theory and Measurement. Research on Economic Inequality. Research on Economic Inequality. Copyright page.
