Rent‐Imputation for Welfare Measurement: A Review of Methodologies and Empirical Findings
Carlos Balcazar (),
Sergio Olivieri and
Review of Income and Wealth, 2017, vol. 63, issue 4, 881-898
Housing should always be included in the construction of the welfare aggregate for welfare analysis. However, assigning a value to the flow of services from dwellings is problematic. Many households own the dwelling in which they live, making this value unobserved; others receive free housing or face prices lower than those at the market. Over the last decades, several estimation techniques have been proposed and implemented by practitioners to overcome this issue. This paper provides a review of methods commonly used to impute rent and discusses the relative advantages and disadvantages of each. We find no consensus on which imputation method is the most appropriate for welfare analysis, as well as a lack of evidence regarding the distributional impact of including rents in the welfare aggregate, particularly in developing countries. Moreover, practices for imputing rents vary across countries, calling for the future development of a unified framework.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Working Paper: Rent imputation for welfare measurement: a review of methodologies and empirical findings (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bla:revinw:v:63:y:2017:i:4:p:881-898
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0034-6586
Access Statistics for this article
Review of Income and Wealth is currently edited by Conchita D'Ambrosio and Robert J. Hill
More articles in Review of Income and Wealth from International Association for Research in Income and Wealth Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().