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On the Welfare Evaluation of Income and Opportunity

Author

Listed:
  • Villar Antonio

    (University of Alicante & Ivie, avillar@upo.es)

Abstract

This paper provides an axiomatization of a cardinal welfare measure for the evaluation of income and opportunity. Following Roemer's (1998) formulation of equality of opportunity, we divide the society in n effort groups consisting of subsets of agents who exert a comparable degree of effort. We show that social welfare can be measured as the sum of n partial indices, one for each effort group, each of which consists of a function of the aggregate income of the group and its dispersion (measured by Theil's first inequality index).

Suggested Citation

  • Villar Antonio, 2005. "On the Welfare Evaluation of Income and Opportunity," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 5(1), pages 1-21, June.
    • Handle: RePEc:bpj:bejtec:v:contributions.5:y:2005:i:1:n:3
    DOI: 10.2202/1534-5971.1129
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    Citations

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    Cited by:

    1. Aitor Calo-Blanco & J. García-Pérez, 2014. "On the welfare loss caused by inequality of opportunity," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 12(2), pages 221-237, June.
    2. Andrés Cendales, 2012. "Vote Buying, Political Patronage and Selective Plunder," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 49(2), pages 237-276, November.
    3. J. Ignacio García-Pérez & Antonio Villar, 2009. "Discrimination and Equality of Opportunity," Working Papers 09.05, Universidad Pablo de Olavide, Department of Economics.
    4. Checchi, Daniele & Peragine, Vito, 2005. "Regional Disparities and Inequality of Opportunity: The Case of Italy," IZA Discussion Papers 1874, Institute of Labor Economics (IZA).
    5. Antonio Abatemarco, 2017. "Evaluating Economic Mobility under Opportunity Egalitarianism," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 9(12), pages 260-277, December.
    6. Vito Peragine & Laura Serlenga, 2008. "Higher education and equality of opportunity in Italy," Research on Economic Inequality, in: Inequality and Opportunity: Papers from the Second ECINEQ Society Meeting, pages 67-97, Emerald Group Publishing Limited.
    7. Checchi, Daniele & Peragine, Vito & Serlenga, Laura, 2010. "Fair and Unfair Income Inequalities in Europe," IZA Discussion Papers 5025, Institute of Labor Economics (IZA).
    8. Daniele Checchi & Vito Peragine, 2010. "Inequality of opportunity in Italy," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 8(4), pages 429-450, December.
    9. Villar Notario Antonio & Calo-Blanco Aitor, 2009. "Education, Utilitarianism, and Equality of Opportunity," Working Papers 201051, Fundacion BBVA / BBVA Foundation.
    10. Giuseppe Pignataro, 2009. "Decomposing equality of opportunity by income sources," Economics Bulletin, AccessEcon, vol. 29(2), pages 702-711.
    11. Carmen Herrero & Antonio Villar, 2020. "Opportunity advantage: a new approach to comparing income distributions," Working Papers 516, ECINEQ, Society for the Study of Economic Inequality.
    12. Giuseppina Malerba & Marta Spreafico, 2013. "Income inequality in the European Union: evidence from a panel analysis," DISCE - Quaderni del Dipartimento di Politica Economica ispe0065, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).

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