TY  - RPRT
        AU  - Hufe, Paul
AU  - Kobus, Martyna
AU  - Peichl, Andreas
AU  - Schüle, Paul
        TI  - Multidimensional Equality of Opportunity in the United States
        PY  - 2022/Mar/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 15149
        UR  - https://www.iza.org/publications/dp15149
        AB  - Are the United States still a land of opportunity? We provide new insights on this question by invoking a novel measurement approach that allows us to target the joint distribution of income and wealth. We show that inequality of opportunity has increased by 77% 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.
        KW  - fairness
KW  - intergenerational mobility
KW  - time trends
KW  - measurement
        ER  -