equality of opportunity
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by
Steven
N.
Durlauf
and
Lawrence
E.
Blume
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Abstract
Whereas the ethic of equality of outcome does not hold individuals responsible for actions that may create inequality of outcomes, equality of opportunity ‘levels the playing field’ so that all have potential to achieve equal outcomes; inequalities of outcome that then transpire are not compensable at the bar of justice. The influences on the outcome a person experiences comprise circumstances (for which he should not be held responsible) and effort (for which he should be). Equal-opportunity policy compensates persons for their disadvantaged circumstances, ensuring that, finally, only effort counts in achieving outcomes.
Keywords
affirmative action; and parameters of disadvantage;; compensation; distribution; and effort vs circumstances; Dworkin, R.; on equality; on insurance market; educational finance; efficiency; and equity; equality of opportunity; vs equality of outcome; equality of outcome; vs equality of opportunity; vs equality of resources; and compensation; and efficiency; income-tax regime; insurance market; Dworkin on; meritocracy; property rights; and welfarism; welfarism; Sen on; and property rights; Sen, A.; and welfarism
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How to cite this article
Roemer, John E. "equality of opportunity." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 24 May 2013 <http://www.dictionaryofeconomics.com/article?id=pde2008_E000214> doi:10.1057/9780230226203.0494

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