TY  - RPRT
        AU  - Stark, Oded
        TI  - An Economics-Based Rationale for the Rawlsian Social Welfare Program
        PY  - 2020/Sep/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 13662
        UR  - https://www.iza.org/publications/dp13662
        AB  - We show that a social planner who seeks to allocate a given sum in order to reduce efficiently the social stress of a population, as measured by the aggregate relative deprivation of the population, pursues a disbursement procedure that is identical to the procedure adhered to by a Rawlsian social planner who seeks to allocate the same sum in order to maximize the Rawlsian maximin-based social welfare function. Thus, the constrained minimization of aggregate relative deprivation constitutes an economics-based rationale for the philosophy-based constrained maximization of the Rawlsian social welfare function.
        KW  - congruence of the algorithm with the Rawlsian social welfare program
KW  - Rawlsian social welfare function
KW  - social stress
KW  - aggregate relative deprivation (ARD)
KW  - an algorithm of cost-effective policy response to ARD
        ER  -