A local equivalence scale and its information basis

Andrew Grodner, Casilda Lasso de la Vega, Rafael Salas and Lester A. Zeager

Economics Letters, 2022, vol. 216, issue C

Abstract: We identify an information basis that is necessary and sufficient for a local equivalence scale, constructed using the indifference surface associated with a poverty level of well-being. It makes less restrictive assumptions about preferences for households with different characteristics than widely used approaches to this problem. Our approach is best suited for poverty comparisons, where calibration of means-tested transfers for different households is an important practical problem.

Keywords: Local equivalence scales; Information basis; Poverty comparisons (search for similar items in EconPapers)
JEL-codes: D11 I3 I32 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:216:y:2022:i:c:s0165176522001665

DOI: 10.1016/j.econlet.2022.110572

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