Showing 1 - 6 of 6
Persistent link: https://www.econbiz.de/10005369303
The paper proposes the consistent and rigorous use of equivalence scales for households of different size. Equivalence scales are employed for deriving the income of an equivalent adult representing the household and for weighting the different household types. The proceeding takes into account...
Persistent link: https://www.econbiz.de/10005369329
The article defines measures of individual and household willingness to pay (and to accept) in a general and flexible framework. It completely clarifies the relationship between the household measures and the sum of the individual welfare measures (the aggregate measures) which are in general...
Persistent link: https://www.econbiz.de/10010848208
The paper examines income distributions of a finite population consisting of households which may differ with respect to needs. Since observed incomes are not directly comparable, income distributions have to be adjusted. Incomes are transformed to equivalent incomes interpreted as living...
Persistent link: https://www.econbiz.de/10005596371
Persistent link: https://www.econbiz.de/10005596409
Temkin (1986, 1993) set out a philosophical basis for the analysis of income inequality that provides an important alternative to the mainstream welfarist approach. We show that the Temkin principles can be characterised by a parsimonious axiomatic structure and we use this structure to derive a...
Persistent link: https://www.econbiz.de/10005596454