Hugo del Valle-Inclán Cruces, researcher at ECOBAS, receives an international award
data centre, based in Luxembourg and New York, has just awarded its annual Aldi
Hagenaars Memorial award to researcher Hugo del Valle-Inclán Cruces, student of
the Interuniversity Doctorate Program in Economic Analysis and Business
Strategy of the University of Vigo, and member of ECOBAS and the research group
is awarded to the writer under age 40 of the best article included during the
previous year in the series of working papers published by the aforementioned
institution. The award-winning article in this edition, entitled Estimating Inequality
of Opportunity in More Periods Than Ever Before: The Capital Income Approach,
was selected from among 19 qualified jobs by a committee made up of six members
with training in different disciplines of the social sciences. This article
constitutes a chapter of the doctoral thesis of the winner, which deals with
different theoretical and methodological aspects of the measurement of
inequality of opportunities.
LIS is a
non-profit association created in 1983 that is responsible for collecting,
harmonizing and making available to the research community the largest
microdata databases on income and wealth available. The prizes awarded
annually since 1994 are dedicated to the memory of Aldi Hagenaars, one of
the first female economics professors in the history of the Netherlands, who
had a premature death at the age of 39. The award consists of a financial reward,
plus an invitation to serve as a faculty member, and to present the winning
paper, at the subsequent LIS Summer Workshop.
Capital income as a tool to measure inequality
selected work proposes a new method for measuring inequality of opportunity
that allows for a greater number of estimates than is possible with a
traditional methodology, thanks to the intergenerational persistence of capital
income. This method consists of using capital income as an "proxy"
for the socio-economic origin of individuals, and thus avoid being tied by the
limited availability of information on parent’s education and occupation (which
are the "proxies" commonly used in literature). "I first define
the capital income measure to be used with an algorithm designed for this
purpose, and after checking that the accuracy of the proposed method is very
satisfactory, I use it to estimate the evolution of inequality of opportunities
in Europe with a level of detail so far not possible", adds Hugo.
"Inequality of opportunities is a concept
framed in distributive justice theories that in recent years is attracting a
lot of attention in academic and political circles"
award-winning article is a chapter of the doctoral thesis in which Hugo is
working, entitled Issues on the
measurement of opportunity inequality, within the Interuniversity Doctoral
Program in Economic Analysis and Business Strategy. In addition to what has
already been mentioned, his research emphasizes the role that gender plays in
determining inequality of opportunities, "a dimension that is sometimes
ignored even in such an eminently egalitarian field".
thesis of the awarded student, what is directed by the coordinator of ECOBAS
Carlos Hervés Beloso, was to be presented last April but, with the blocking of
the administrative deadlines due to the Covid-19, it has had to wait and it will
be presented in the coming weeks.
"I did not expect the prize at all" "
use the LIS data in my research, and at the beginning of last year I made a
visit to the centre in the framework of the European funds of the H2020
programme. Shortly after I sent the article to their series of working papers,
in part to give visibility and thank them for their work in collecting data. At
that time I indicated that I am under 40 but, when I was told about the award
this week it was a complete surprise", says Hugo.
can see a summary of the award-winning document, which was included in the
newsletter published by the LIS.