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  3. The Measurement of Household Welfare
  • Cited by 18
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    • Publisher:
      Cambridge University Press
      Publication date:
      13 January 2010
      15 September 1994
      ISBN:
      9780511598968
      9780521451956
      9780521118897
      DOI:
      https://doi.org/10.1017/CBO9780511598968
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.525kg, 294 Pages
      Dimensions:
      (229 x 152 mm)
      Weight & Pages:
      0.44kg, 296 Pages
      • Subjects:
      Economics, Econometrics and Mathematical Methods
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    Subjects:
    Economics, Econometrics and Mathematical Methods
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    Book description

    The measurement of household welfare is one of the most compelling yet demanding areas in economics. To place the analysis of inequality and poverty within an economic framework where individuals are making decisions about current and lifetime incomes and expenditures is a difficult task, made all the more challenging by the complexity of the decision-making process in which households are involved and the variety of constraints they face. This 1994 book examines the conceptual and practical difficulties of making inferences from observed behaviour. It addresses the problems of making comparisons across a range of very different households and discusses how data for such comparisons should be collected. The contributions, from experts from Europe, North America and Australia, have the unifying theme that there is a strong relationship between theoretical concepts from microeconomics and the appropriate use of micro data in evaluating household welfare.

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