MARC Record from Library of Congress

LEADER: 02101cam a22003497a 4500
001 2005705514
003 DLC
005 20060113115642.0
007 cr |||||||||||
008 060113s2006 dcu sb i000 0 eng
010 $a 2005705514
040 $aDLC$cDLC
050 00 $aHG3881.5.W57
100 1 $aFerreira, Francisco H. G.
245 10 $aInequality of opportunity and economic development$h[electronic resource] /$cFrancisco H. G. Ferreira, Michael Walton.
260 $a[Washington, D.C. :$bWorld Bank,$c2006]
490 1 $aPolicy research working paper ;$v3816
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 1/13/2006.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"Just 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. "--World Bank web site.
650 0 $aIncome distribution.
650 0 $aEquality.
650 0 $aEducational equalization.
650 0 $aWealth.
650 0 $aPower (Social sciences)
700 1 $aWalton, Michael.
710 2 $aWorld Bank.
830 0 $aPolicy research working papers (Online) ;$v3816.
856 40 $uhttp://econ.worldbank.org/external/default/main?pagePK=64165259&piPK=64165421&theSitePK=469372&menuPK=64166093&entityID=000016406_20060112091459