This paper considers the problem of social evaluation in a model where population size, individual lifetime utilities, lengths of life, and birth dates vary across states. We investigate principles for social evaluation in an intertemporal framework and show that history must matter to some extent if they are to be ethically acceptable. Using an axiom called independence of the utilities of the dead, we provide a characterization of Critical-Level Generalized Utilitarian rules. As a by-product of our analysis, we show that social discounting is ruled out in an intertemporal welfarist environment. A simple population-planning example is also discussed. Published in: Econometrica 63/6, 1995, pp. 1303-1320
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Paper provided by CESifo Group Munich in its series CESifo Working Paper Series with number
CESifo Working Paper No. 86.
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