postulated social welfare criterion. We first characterize optimal lockdown under utilitarianism, and we show that this social … further reduces average utility, but leads to a larger aggregate welfare. The optimal lockdown under utilitarianism is also …

This paper shows that the design of education policy involves a potential conflict between welfare and social mobility … welfare maximization calls for the most elitist system. We show that when private education is available, the degree of … elitism that maximizes social mobility increases, while the welfare-maximizing degree of elitism decreases. The ranking …