Equity, Efficient and Inequality Traps: A Research Agenda

37 Pages Posted: 7 Jul 2006

See all articles by Francois Bourguignon

Francois Bourguignon

Paris School of Economics

Francisco H. G. Ferreira

World Bank - Development Research Group (DECRG)

Michael Walton

Harvard University - Harvard Kennedy School (HKS)

Date Written: June 2006

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.

Keywords: Equity, Equality of Opportunity, Inequality Traps, Economics - International Economics

Suggested Citation

Bourguignon, François and Ferreira, Francisco H. G. and Walton, Michael, Equity, Efficient and Inequality Traps: A Research Agenda (June 2006). KSG Working Paper No. RWP06-025, Available at SSRN: https://ssrn.com/abstract=902376 or http://dx.doi.org/10.2139/ssrn.902376

François Bourguignon (Contact Author)

Paris School of Economics ( email )

48 Boulevard Jourdan
Paris, 75014 75014
France

Francisco H. G. Ferreira

World Bank - Development Research Group (DECRG) ( email )

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Washington, DC 20433
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Michael Walton

Harvard University - Harvard Kennedy School (HKS) ( email )

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Cambridge, MA 02138
United States
617-496-4562 (Phone)
617-496-5747 (Fax)

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