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We study all theories of justice that disentangle ethical views on intergenerational discounting and intergenerational … inequality. Each “modular” social welfare function is uniquely identified by a time-discounting function—capturing attitudes … properties and establishes the limits of disentangling discounting and inequality. Our theories include as special cases the most …
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A formula is derived for the social cost of carbon (SCC) that takes account of intragenerational income inequality and its evolution with economic growth. The social discount rate (SDR) should be adjusted to account for intragenerational and intergenerational inequality aversion and for risk...
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