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Standard official measures of household economic well-being in several countries are based on money income. The general consensus is that such measures are limited because they ignore certain crucial determinants of well-being. We examine two such determinants-household wealth and public...
Persistent link: https://www.econbiz.de/10012761496
Standard official measures of economic well-being are based on money income. The general consensus is that such measures are seriously flawed because they ignore several crucial determinants of well-being. We examine two such determinants - household wealth and public consumption - in the...
Persistent link: https://www.econbiz.de/10014075337