Abstract:
Researchers agree that household equivalence scales are intended to measure the variation in income needed to bring households of different composition to the same welfare level. Researchers do not agree, however, about how the term 'household welfare' is to be defined. This article traces the historical and philosophical development of three distinct definitions. When the conceptual bases of several popular methods for the estimation of equivalence scales are explored, it becomes clear that advances in theoretical rigor have not always worked to bring the literature closer to answering questions of policy concern. Copyright 1993 by University of Chicago Press.
Journal of Labor Economics is edited by Derek A. Neal
More articles in Journal of Labor Economics from University of Chicago Press Address: The University of Chicago Press, Journals Division, P.O. Box 37005 Chicago, IL 60637 Series data maintained by Christopher F. Baum ().
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