A definition of a utilitarian social welfare relation (SWR) for infinite utility streams is proposed. Such a relation is characterized in terms of the Pareto, Anonymity and Partial Unit Comparability Axioms. The merits of the utilitarian SWR, relative to the more restrictive SWR induced by the overtaking criterion, are examined.
The problem of child labor has moved from a matter of regional and national concern to one of international debate and possible global persuasion and policy intervention. In crafting policy for mitigating this enormous problem of our times, it is important to start with a proper theoretical and empirical understanding of the phenomenon. What gives rise to… (More)
The evidence that the same income can lead to different household decisions, depending on who the earner is, has led to an effort to replace the standard household model with the Ôcollective modelÕ, which recognises that a household's decisions depend on the power balance between the husband and the wife. This article recognises that the power balance can,… (More)
There has been much debate about how much India's poor have shared in the economic growth unleashed by economic reforms in the 1990s. The paper argues that India has probably maintained its 1980s rate of poverty reduction in the 1990s. However, there is considerable diversity in performance across states. This holds some important clues for understanding… (More)
and two anonymous referees for comments and suggestions. We are also grateful to Cornell University for helpful discussions. We have also benefitted from a seminar presentation of this paper at the World Bank. This paper was written while Foster was on leave at Cornell; he thanks the department for its hospitality. Foster is also grateful to the John D. and… (More)
The Centre for Climate Change Economics and Policy (CCCEP) was established in 2008 to advance public and private action on climate change through rigorous, innovative research. The Centre is hosted jointly by the The Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development (G-24) was established in 1971. The purpose of the… (More)
The paper studies the relation between globalization, inequality and marginalization, within and across nations. It reviews the existing evidence on globalization and global inequality and argues, using a simple theoretical model, that the two are interconnected. It discusses policy alternative policies to counter extreme poverty and inequality. The paper… (More)
Conditional Cash Transfers (CCTs) are now a widespread policy tool. They are seen as an answer to short term income poverty through the transfer component, and a support to longer term human capital formation among the poor through conditioning the transfer on educational enrollment (and enrollment in health schemes). However, CCTs condition income… (More)