Abstract
This paper argues that both unequal opportunity and social mobility are necessary implications of an efficient societal arrangement when incentives must be provided.
Original language | English (US) |
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Pages (from-to) | 487-504 |
Number of pages | 18 |
Journal | Review of Economic Studies |
Volume | 73 |
Issue number | 2 |
DOIs | |
State | Published - Apr 2006 |