Description: Economic Growth and Equality of Opportunity

Economic Growth and Equality of Opportunity

The paper proposes an approach to understand the relationship between inequality and economic growth obtained by shifting the analysis from the space of final achievements to the space of opportunities. To this end, it introduces a formal framework...

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Bibliographic Details
Main Authors:	Peragine, Vito, Palmisano, Flaviana, Brunori, Paolo
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	AGGREGATE GROWTH AGGREGATE MEASURE AGRICULTURAL SECTOR AVERAGE GROWTH AVERAGE GROWTH RATE AVERAGE INCOME CAPACITY BUILDING CAPITA INCOME GROWTH CUMULATIVE DISTRIBUTION CUMULATIVE DISTRIBUTION FUNCTION DESCRIPTIVE STATISTICS DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DEVELOPMENT REPORT DISPOSABLE INCOME DISTRIBUTIONAL CHANGES DISTRIBUTIONAL DYNAMICS DISTRIBUTIONAL EFFECT DISTRIBUTIONAL EFFECTS DISTRIBUTIONAL IMPACT DISTRIBUTIONAL IMPLICATIONS ECONOMETRICS ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INEQUALITY ECONOMIC REFORMS ECONOMIC RELATIONS ECONOMIC RESEARCH ECONOMIC REVIEW ECONOMIC STUDIES ECONOMIC TRENDS ECONOMICS LETTERS EMPIRICAL ANALYSIS EMPIRICAL APPLICATION EMPIRICAL ESTIMATES EMPIRICAL EVIDENCE EMPIRICAL SECTION FINANCIAL CRISIS FUTURE RESEARCH GDP GINI INDEX GROWTH ANALYSIS GROWTH EPISODE GROWTH EPISODES GROWTH PERIOD GROWTH PROCESS GROWTH RATE GROWTH RATES GROWTH RESULTS GROWTH SPELL HEADCOUNT RATIO HEALTH CARE HOUSEHOLD INCOME HOUSEHOLD MEMBERS HOUSEHOLD SIZE HUMAN CAPITAL INCOME CHANGE INCOME DECLINE INCOME DISTRIBUTION INCOME DISTRIBUTIONS INCOME GROWTH INCOME GROWTH RATE INCOME INEQUALITY INCOME POVERTY INCOME QUANTILES INCOMES INDIVIDUAL INCOMES INEQUALITY AVERSION INEQUALITY DECLINES INEQUALITY INDEX INEQUALITY MEASURE INTERNATIONAL COMPARISONS LABOR MARKET LORENZ CURVE MBI MEAN GROWTH MEAN INCOME MEAN INCOME GROWTH MEASURING INEQUALITY NEGATIVE GROWTH NEGATIVE IMPACT NEGATIVE VALUE NORMATIVE ECONOMICS OPPORTUNITY SET OPPORTUNITY SETS PENSIONS PER CAPITA INCOME POLICY DISCUSSIONS POLICY INTERVENTIONS POLICY MAKERS POLICY RESEARCH POPULATION SHARE POSITIVE GROWTH POSITIVE ROLE POSITIVE VALUE POVERTY DYNAMICS POVERTY HEADCOUNT POVERTY REDUCTION POVERTY-GROWTH-INEQUALITY TRIANGLE PRO-POOR PRO-POOR GROWTH PRODUCTION FUNCTION PROGRAMS PUBLIC ECONOMICS PUBLIC INTERVENTION PUBLIC POLICIES REDISTRIBUTIONAL IMPACT REDISTRIBUTIVE IMPACT RELATIVE POSITION RISK AVERSE SECOND-ORDER DOMINANCE SOCIAL DEVELOPMENT SOCIAL PROTECTION SOCIAL SECURITY STANDARD TOOL WEALTH
Online Access:	http://documents.worldbank.org/curated/en/2013/09/18228093/economic-growth-equality-opportunity http://hdl.handle.net/10986/15833

Description
Summary:	The paper proposes an approach to understand the relationship between inequality and economic growth obtained by shifting the analysis from the space of final achievements to the space of opportunities. To this end, it introduces a formal framework based on the concept of the Opportunity Growth Incidence Curve. This framework can be used to evaluate the income dynamics of specific groups of the population and to infer the role of growth in the evolution of inequality of opportunity over time. The paper shows the relevance of the introduced framework by providing two empirical analyses, one for Italy and the other for Brazil. These analyses show the distributional impact of the recent growth experienced by Brazil and the recent crisis suffered by Italy from both the income inequality and opportunity inequality perspectives.

Economic Growth and Equality of Opportunity

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