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Inequality of Opportunity in Europe
Author(s) -
Marrero Gustavo A.,
Rodríguez Juan Gabriel
Publication year - 2012
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/j.1475-4991.2012.00496.x
Subject(s) - economics , inequality , investment (military) , human capital , ex ante , econometrics , set (abstract data type) , panel data , macroeconomics , economic growth , mathematics , political science , mathematical analysis , politics , computer science , law , programming language
Using the EU‐SILC database, we estimate and compare the Inequality of Opportunity (IO) of 23 European countries in 2005. IO is estimated as the between‐type ( ex‐ante ) inequality component following the parametric procedure of Ferreira and Gignoux (2011), which allows for the inclusion of the large set of circumstances in the database. We also measure the degree of correlation between IO estimates and a set of past and contemporaneous economic factors related to the degree of development, labor market performance, investment in human capital, and social protection spending.