1.1 A Brief Overview An extensive body of empirical and theoretical
literature deals with the mea surement of social welfare. This body
can be decomposed in several different but related topics, all of
which have implications for empirical studies in wel fare
economics. One of these topics are household equivalence scales
which help to compare welfare levels across households that differ
in composition. An equivalence scale relates the income of any
arbitrary household type to the income ofa referencehouseholdsuch
that both households are equally well-off. Differences in household
needs arise from differences in the households' de mographic
composition which is, for instance, given by the number, age, and
sex of the household members. The increase of household needs is
not neces sarily proportional to the increase in the number of
household members. Such a non-proportionality, for example, results
from differences in the needs of adults and children, economies
ofscale arising from the division of fixed costs among the
household members, welfare gains from household production, and
from common consumption ofcommodities bearing a within-household
public good component."
General
| Imprint: |
Physica-Verlag
|
| Country of origin: |
Germany |
| Series: |
Contributions to Economics |
| Release date: |
March 2004 |
| First published: |
2004 |
| Authors: |
Carsten Schroeder
|
| Dimensions: |
235 x 155 x 9mm (L x W x T) |
| Format: |
Paperback
|
| Pages: |
168 |
| Edition: |
Softcover reprint of the original 1st ed. 2004 |
| ISBN-13: |
978-3-7908-0183-5 |
| Categories: |
Books >
Business & Economics >
Economics >
Macroeconomics >
General
|
| LSN: |
3-7908-0183-6 |
| Barcode: |
9783790801835 |
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