Efficient Welfare Weights

@inproceedings{Hendren2017EfficientWW,
  title={Efficient Welfare Weights},
  author={Nathaniel Hendren and Daron Acemoglu and Raj Chetty and A Eric Finkelstein and Ben Lockwood and Henrik Jacobsen Kleven and Patrick Kline and Kory Kroft and Matthew Notowodigdo and Jim Poterba and Emmanuel Saez and Matthew Weinzierl and Glen Weyl and Ivan Werning},
  year={2017}
}
quo to the alternative policy. Moreover, if the sum is positive, Kaldor (1939) argues that the winners ⇤Harvard University, nhendren@fas.harvard.edu. This paper is a heavily revised version of a paper that previously circulated under the title, "The Inequality Deflator: Interpersonal Comparisons without a Social Welfare Function", NBER WP No. 20351. I am deeply indebted to conversations with Louis Kaplow for the inspiration behind this paper, and to Sarah Abraham, Alex Bell, Alex Olssen, and… CONTINUE READING

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