Event

Opportunity-Sensitive Social Welfare

We develop a framework to evaluate income distributions from the perspective of an opportunity-egalitarian social planner. Through an original axiomatic route that bridges normative economics and decision theory under ambiguity, we characterize a class of social welfare functions governed by a single parameter capturing the planner's aversion to inequality of...

Presented by: Paul Hufe (University of Bristol)

Venue: 2N2.4.16 (ISER Large Seminar Room)

Event

Immobility in a Distressed Region: Poverty Trap, Housing Lock, or Preferences?

The Appalachian region is characterized by low wages, high unemployment, high poverty, and limited economic opportunities. Standard models of migration predict that such conditions should generate substantial out-migration, yet migration rates from Appalachia are lower than in the rest of the United States. We examine three potential explanations for this...

Presented by: Christopher R. Bollinger (University of Kentucky)

Venue: 2N2.4.16 (ISER Large Seminar Room)