Synopses & Reviews
The measurement of household welfare is one of the most important yet difficult areas of economics. This volume contains contributions from leading experts throughout Europe, North America and Australia that extend the existing literature in a number of topical directions. Subjects discussed include: the subjective measurement of welfare, game theoretic models of household behavior and their welfare implications, and labor supply and welfare measurement. This book will be of interest to students and scholars of microeconomics, public economics, econometrics, and social policy.
Synopsis
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 book examaines the conceptual and practical difficulties of making inferences from observed behaviour and addresses the problems of making comparisons across a range of very different households.
Synopsis
This book examines the measurement of household welfare, one of the most compelling yet demanding areas in economics.