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) |
|---|---|
| Pages (from-to) | 487-504 |
| Number of pages | 18 |
| Journal | Review of Economic Studies |
| Volume | 73 |
| Issue number | 2 |
| DOIs | |
| State | Published - Apr 2006 |