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Equality of Opportunity

Working Paper 2016-394

Abstract

Equality of opportunity is usually defined as a situation where the effect of circumstances on outcome is nullified (compensation principle) and

Authors: Arnaud Lefranc, Alain Trannoy.

Keywords: Equality of Opportunity, luck, compensation principle, reward principle, moral hazard, first-order stochastic dominance, correlation, effort.
JEL: D63, J62, C14.