optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find …

language, can be made precise in economic models of child labor. Exploitation is defined relative to a specific social welfare … function. I first show that under the standard dynastic social welfare function, which is commonly applied to intergenerational … models, child labor is never exploitative. In contrast, under an inclusive welfare function, which places additional weight …

How much does society value redistribution? The common method to derive inverse-optimum welfare weights is by inverting … reductions, directly linked to welfare weights. An application to Germany finds: i) The tax-transfer system is optimal if society …

Utilitarianism is the most prominent family of social welfare functions. We present three new axiomatic … characterizations of utilitarian (that is, additively separable) social welfare functions in a setting where there is risk over both …

welfare. We construct the Gini coefficient from socialpsychological building blocks, reformulating it as a ratio between a … welfare function, we are able to endow the function with a social-psychological underpinning, showing that this function, too … booster of social welfare in Sen's social welfare function. Quite surprisingly, we find that a marginal increase of income for …

conclusion. Therefore, the repugnant conclusion provides no methodological guidance for theory or policymaking, because it cannot … development policies depends on comparing social welfare across populations of differing sizes. …

This paper asks whether prioritarianism - the view that social welfare orderings should give explicit priority to the … worse-off - is consistent with the normative theory of equality of opportunity. We show that there are inherent tensions … aversion. The precise nature of the compromises depends on the specific variant of the theory of equality of opportunity that …