Some curiosites about the Engel method to estimate equivalence scales

This paper lends legitimacy to the food share as an indicator of welfare by demonstrating the conditions necessary in empirical work for the Engel method of estimating equivalence scales to provide an exact measure of welfare. In analogy to a money metric of utility, the Engel's food share is shown to be a “quantity metric of utility.”

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Year of publication:	2002-05-08
Authors:	Perali, Federico
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 4.2002, 9, p. 1-7
Publisher:	AccessEcon
Subject:	Engel method

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Extent:	application/pdf
Type of publication:	Article
Classification:	D1 - Household Behavior and Family Economics ; D6 - Welfare Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005417003