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Persistent link: https://www.econbiz.de/10012086186
Despite the widespread use of income as a measure of household welfare, there is much to recommend the use of consumption. Indeed, standard economic arguments suggest that consumption expenditure will better reflect expected lifetime resources and many economists have been unequivocal in...
Persistent link: https://www.econbiz.de/10005509389
Persistent link: https://www.econbiz.de/10005727358
In any policy-orientated study of family welfare, it is inevitable that some comparison of welfare between households with different compositions will be required, and the theory of (adult) equivalence scales aims to formalise the way in which these comparisons may be made. An adult equivalence...
Persistent link: https://www.econbiz.de/10005727391