Measuring Socioeconomic Effects When Using Income as Quality of Life Indicator
Maw Lin Lee and
Ben‐chieh Liu
American Journal of Economics and Sociology, 1988, vol. 47, issue 2, 167-175
Abstract:
Abstract. By generalizing Stigler and Becker's idea of maintaining the “capital stock intact,” and incorporating it with other contributions to welfare economic analysis, this paper presents a modified conceptual framework for measuring and adjusting impacts of socioeconomic and environmental factors when income or consumption expenditure is used solely as a quality of life indicator. Such measurements and adjustments are made for differences in public needs and in the process of satisfying these needs. Application of this conceptual framework is illustrated, using statistics on police protection and crime rates.
Date: 1988
References: Add references at CitEc
Citations:
Downloads: (external link)
https://doi.org/10.1111/j.1536-7150.1988.tb02022.x
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:bla:ajecsc:v:47:y:1988:i:2:p:167-175
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0002-9246
Access Statistics for this article
American Journal of Economics and Sociology is currently edited by Laurence S. Moss
More articles in American Journal of Economics and Sociology from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().