Multidimensional Equality of Opportunity in the United States

titleMultidimensional Equality of Opportunity in the United States
start_date2023/06/01
schedule11h-12h
onlineno
location_infoR2-21
summaryAre the United States still a land of opportunity? We provide new insights on this question by invoking a novel approach that allows us to measure unfair inequality in the joint distribution of income and wealth. We show that inequality of opportunity has increased by 56% over the time period 1983-2016. Increases are driven by two distinct forces: (i) a less opportunity-egalitarian distribution of income until 2000, and (ii) a less opportunity-egalitarian distribution of wealth after the financial crisis in 2008. In sum, our findings suggest that the US have consistently moved further away from a level playing field in recent decades.
responsiblesChassagnon, Apouey