We argue that this context of post-industrialism and welfare state restructuring affects the values of “labor” with regard to income redistribution and social insurance. Welfare values, i.e. stable preferences with regard to a desired outcome in terms of the distribution of risk and wealth...

Social optimization problems typically maximize the sum of individual weighted utilities over feasible allocations that satisfy certain constraints. While social optimization problems are at the heart of economic analysis, it is not always clear how to choose individual welfare weights. In this...