Opportunity advantage between income distributions
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http://hdl.handle.net/10045/117406
Title: | Opportunity advantage between income distributions |
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Authors: | Herrero, Carmen | Villar Notario, Antonio |
Research Group/s: | Análisis Económico |
Center, Department or Service: | Universidad de Alicante. Departamento de Fundamentos del Análisis Económico |
Keywords: | Domination probabilities | Income distribution | Opportunity advantage | Ranking distributions | Veil of ignorance |
Knowledge Area: | Fundamentos del Análisis Económico |
Issue Date: | 30-Jul-2021 |
Publisher: | Springer Nature |
Citation: | The Journal of Economic Inequality. 2021, 19: 785-799. https://doi.org/10.1007/s10888-021-09488-5 |
Abstract: | This paper seeks to compare income distributions from the opportunity advantage viewpoint. That is a measure of how likely it is for a representative individual of one society to receive a higher income than a representative individual of another. Opportunity advantage tries to measure the income opportunities a society offers to an individual, relative to other societies, evaluated from the “veil of ignorance” viewpoint. We show that this notion can be precisely formalised and results in a complete and cardinal income distribution evaluation. We also present an empirical illustration of the gender differences in wage distributions in Spain after the financial crisis. The results show that this criterion offers new insights into the evaluation of differences in opportunity. |
Sponsor: | The first author acknowledges financial support from the Spanish Ministerio de Economía, Industria y Competitividad under projects ECO2015-65820P and PID2019-107081GB-I00, the Generalitat Valenciana under PROMETEO 2109/037, and IMeRA. The second author acknowledges financial support from the Spanish Ministerio de Economía, Industria y Competitividad under project ECO2015-65408-R (MINECO/FEDER). |
URI: | http://hdl.handle.net/10045/117406 |
ISSN: | 1569-1721 (Print) | 1573-8701 (Online) |
DOI: | 10.1007/s10888-021-09488-5 |
Language: | eng |
Type: | info:eu-repo/semantics/article |
Rights: | © The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2021 |
Peer Review: | si |
Publisher version: | https://doi.org/10.1007/s10888-021-09488-5 |
Appears in Collections: | INV - Análisis Económico - Artículos de Revistas |
Files in This Item:
File | Description | Size | Format | |
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Herrero_Villar_2021_JEconInequal_final.pdf | Versión final (acceso restringido) | 562,15 kB | Adobe PDF | Open Request a copy |
Herrero_Villar_2021_JEconInequal_preprint.pdf | Preprint (acceso abierto) | 1,33 MB | Adobe PDF | Open Preview |
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