This paper examines the socially optimal allocation by focusing not on the social welfare function but instead on the utility possibility frontier in exogenous growth models with a heterogeneous population. A unique balanced growth path was found on which all of the optimality conditions of all...

This paper discusses both social welfare and social choice using Arrow’s impossibility theorem for multi-profile preference case and two versions of it for single-profile preference case. Between these two versions first one assumes a two-individual society and the second one, which is similar...

Short term political considerations, bureaucratic inertia, ideological differences, and most importantly- financial constraints, have created a situation where effective slum reform has floundered. This paper concentrates on the city-state of Delhi and puts forth the argument that a successful...

This paper quantifies the benefits that accrue to children from having mothers who are literate. It does so by measuring the influence of literacy, after controiling for other factors,on the following indicators of child welfare: male and female infant deaths; male and female child deaths; male...

Actualmente existe una nueva estrategia empresarial en donde el sector privado voluntariamente está buscando involucrarse en los temas sociales. Esta estrategia se conoce como Mercadeo Social y consiste básicamente en una actividad comercial en la cual la empresa privada y una entidad sin...

Following a methodology proposed by Dalton (1920) and further developed by Atkinson (1970), among others, we evaluate whether the changes in Mexico's income distribution during 1984-2008 have meant meaningful changes in its population social welfare. Inequality indexes were estimated under...

When is one distribution (of income, consumption, or some other economic variable) more equal or better than another? This question has proven difficult to answer in situations where distribution functions intersect and no unambiguous ranking can be attained without introducing weaker criteria...

For many countries the Industrial Revolution was an opportunity for a dynamic economic development, but it was accompanied by deep social changes. Inequali-ties between regions have deepened, pollution has increased and also conjunctural fluctuations have intensified. In contemporary view at the...

In this paper we use an OLG model where agents are heterogeneous within each generation, differing in their impatience rate. We show that the effects of a capital-using technological change are not symmetric between agents and can cause a reduction in consumption. The asymmetry in impatience...

We propose a general framework to unambiguously compare distributions functions in an economically interpretable way. Our framework provides complete ranking of any set of distributions and money metric interpretation of the social welfare level of a dominating distribution as compared to a...