Social Welfare Orderings: A Life-Cycle Perspective

Ramses Abul Naga

Cahiers de Recherches Economiques du Département d'économie from Université de Lausanne, Faculté des HEC, Département d’économie

Abstract: Consider the problem of measuring long-run household welfare and investigating welfare orderings from cross-section data. Life-cycle theories emphasize that consumption is allocated intertemporally on the basis of a long-term concept of resources, which differs from household income. Expenditure is also subject to transitoriness because diaries on spending are kept for a period of two to four weeks. Via joint modelling of household income and expenditure, we provide bounds for the deficit curve of lifecycle incomes using two distinct predictors of this unobservable. A third predictor generates a deficit curve also lying within these bounds.

Keywords: social welfare orderings; life-cycle income; household income and expenditure; deficit curves (search for similar items in EconPapers)
JEL-codes: C31 D63 I32 (search for similar items in EconPapers)
Pages: 21 pages + fig.
Date: 2001-12
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Economica, vol. 72, August 2005, pp. 497-514

Downloads: (external link)
http://www.hec.unil.ch/deep/textes/01.12.pdf (application/pdf)

Related works:
Journal Article: Social Welfare Orderings: A Life‐Cycle Perspective (2005)
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:lau:crdeep:01.12

Access Statistics for this paper

More papers in Cahiers de Recherches Economiques du Département d'économie from Université de Lausanne, Faculté des HEC, Département d’économie Université de Lausanne, Faculté des HEC, Département d’économie, Internef, CH-1015 Lausanne. Contact information at EDIRC.
Bibliographic data for series maintained by Christina Seld ().