Using Panel Data on Income Satisfaction to Estimate Equivalence Scale Elasticity
نویسندگان
چکیده
منابع مشابه
Using Panel Data on Income Satisfaction to Estimate the Equivalence Scale Elasticity
In this paper a new method to estimate the equivalence scale elasticity using individual panel data on income satisfaction will be developed. In contrast to other subjective approaches, the present one benefits from the fact that no direct cardinal individual welfare function has to be specified. In addition, panel data enables different scale use by the respondents to be controlled. The approa...
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In this paper, the equivalence scale elasticity will be estimated by using individual panel data on income satisfaction from the German Socio-Economic Panel Study (GSOEP). Satisfaction or happiness data have been more frequently used by economists in recent years to analyze individual well-being. The approach differs from other subjective approaches as respondents are requested to evaluate curr...
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ژورنال
عنوان ژورنال: Review of Income and Wealth
سال: 2003
ISSN: 0034-6586,1475-4991
DOI: 10.1111/1475-4991.00092