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 …

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 …

Traditionally, it has been argued that profit sharing can increase employment and welfare because it lowers marginal …