Equity, efficiency and inequality traps: A research agenda

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.
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Submitted on : Tuesday, November 20, 2012 - 8:48:48 AM
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François Bourguignon, Francisco Ferreira, Michael Walton. Equity, efficiency and inequality traps: A research agenda. Journal of Economic Inequality, Springer Verlag, 2007, 5 (2), pp.235-256. ⟨10.1007/s10888-006-9042-8⟩. ⟨halshs-00754212⟩

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