Equity, efficiency and inequality traps: A research agenda

François Bourguignon; Francisco H.G. Ferreira; Michael Walton

doi:10.1007/s10888-006-9042-8

Equity, efficiency and inequality traps: A research agenda

François Bourguignon, Francisco H.G. Ferreira, Michael Walton

Economics

Research output: Contribution to journal › Article › peer-review

Abstract

This paper discusses a research agenda that arises from unanswered questions and unresolved issues considered in the World Bank's World Development Report 2006: Equity and Development. After formalizing the key concepts of equity; equality of opportunity; and efficiency, and proposing a definition for an equitable development policy, the paper discusses the concept of inequality traps, around which the research agenda is structured. Four broad groups of research questions are highlighted: those revolving around the measurement of inequality of opportunity and the diagnostics for the existence of an inequality trap; those dealing with the causes of inequality traps; the quantification of their efficiency costs; and those related to how institutions (including governments) evolve to overcome inequality traps.

Original language	English (US)
Pages (from-to)	235-256
Number of pages	22
Journal	Journal of Economic Inequality
Volume	5
Issue number	2
DOIs	https://doi.org/10.1007/s10888-006-9042-8
State	Published - Aug 2007

Keywords

Equality of opportunity
Equity
Inequality traps

ASJC Scopus subject areas

General Economics, Econometrics and Finance
Sociology and Political Science
Organizational Behavior and Human Resource Management

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10.1007/s10888-006-9042-8

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Equity, efficiency and inequality traps: A research agenda

Abstract

Keywords

ASJC Scopus subject areas

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