Lower and Upper Bounds of Inequality of Opportunity in Emerging Economies

Paul Hufe, Andreas Peichl and Daniel Weishaar

No 301, ifo Working Paper Series from ifo Institute - Leibniz Institute for Economic Research at the University of Munich

Abstract: Equality of opportunity is an important normative ideal that concerns politicians and the larger public alike. In spite of its wide acceptance, current estimation approaches in the literature suffer from severe data restrictions that lead to biased estimates of inequality of opportunity. These shortcomings are particularly pronounced for emerging economies in which comprehensive household survey data often is unavailable. In this paper, we address these issues by estimating lower and upper bounds of inequality of opportunity for a set of emerging economies. Thereby, we address recent critiques that worry about the prevalence of lower bound estimates and the ensuing scope for downplaying the normative significance of inequality.

Keywords: Equality of opportunity; inequality; emerging economies (search for similar items in EconPapers)
JEL-codes: D31 D63 I32 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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