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Author: L. Cherchye
Publisher:
ISBN:
Category :
Languages : en
Pages : 39
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Book Description
We propose novel tools for the analysis of individual welfare on the basis of aggregate household demand behavior. The method assumes a collective model of household consumption with the public and private nature of goods specified by the empirical analyst. A main distinguishing feature of our method is that it builds on a revealed preference characterization of the collective model that is intrinsically non-parametric. We show how to identify individual money metric welfare indices from observed household demand, along with the intra-household sharing rule and the individuals' willingness-to-pay for public consumption (i.e. Lindahl prices). The method is easy to use in practice and yields informative empirical results, which we demonstrate through a simulation analysis and an empirical application to labor supply data.
Author: L. Cherchye
Publisher:
ISBN:
Category :
Languages : en
Pages : 39
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Book Description
We propose novel tools for the analysis of individual welfare on the basis of aggregate household demand behavior. The method assumes a collective model of household consumption with the public and private nature of goods specified by the empirical analyst. A main distinguishing feature of our method is that it builds on a revealed preference characterization of the collective model that is intrinsically non-parametric. We show how to identify individual money metric welfare indices from observed household demand, along with the intra-household sharing rule and the individuals' willingness-to-pay for public consumption (i.e. Lindahl prices). The method is easy to use in practice and yields informative empirical results, which we demonstrate through a simulation analysis and an empirical application to labor supply data.
Author: R. W. Blundell
Publisher: Cambridge University Press
ISBN: 0521451957
Category : Business & Economics
Languages : en
Pages : 295
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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.
Author: Camilo Dagum
Publisher: Springer Science & Business Media
ISBN: 3790826812
Category : Business & Economics
Languages : en
Pages : 307
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Book Description
A group of scholars converging on a common and socially relevant economic theme of research, that of households' welfare and poverty, met several times in the last two years to discuss the research progress and the opportunity to bring to gether for publication the research so far accomplished. They shared a research project supported by a grant from the former Italian Ministero dell'Universita e della Ricerca Scientifica e Tecnologica (MURST) now Ministero dell'Istruzione, dell'Universita e della Ricerca (MIUR): The Equiva lence Scales in the Measurement of Households' Welfare: Statistical, Economic and Demographic Analysis. The decisive meeting, an international seminar on the topics, was hosted by the University of Florence, siege of the national coordinator of this project. When one think of Florence, it is inevitable to think of the unfolding of Ren aissance, and reciprocally. th To the eyes of a traveller who had arrived to Florence in the 15 century, the city would have appeared as a sort of El Dorado, similarly to what would have occurred to the first conquerors of the South America's lands, so much astonishing were the richness of arts and the opulence of life. The flourishing of painting and sculpture had not equal all over the world and was reaching tops never made equal before. Masaccio, Brunelleschi, Donatello and later on Leonardo and Michelangelo, were the artistic and intellectual genius that enlightened beauty lovers princes.....
Author:
Publisher:
ISBN:
Category : Electronic books
Languages : en
Pages : 44
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Book Description
Recent advances in the collective model literature suggest ways to estimate the complete allocation of resources within households, using assignable goods and assuming adult preference similarity across demographic groups (or across spouses). While it makes welfare analysis at the individual level possible, the predictive power of the model is unknown. We propose the first validation of this approach, exploiting a unique dataset from Bangladesh in which the detailed expenditure on private goods by each family member is collected. Individualized expenditure allows us to test the identifying assumptions and to derive ‘observed’ resource sharing within families, which can be compared to the resource allocation predicted by the model. Sharing between parents and children is well predicted on average while the model detects key aspects like the extent of pro-boy discrimination. Results overall depend on the identifying good: clothing provides the best t compared to other goods as it best validates the preference-similarity assumption. The model leads to accurate measures of child and adult poverty, indicating the size and direction of the mistakes made when using the traditional approach based on per adult equivalent expenditure (i.e. ignoring within-household inequality). This assessment of existing approaches to measure individual inequality and poverty is crucial for both academic and policy circles and militates in favor of a systematic use of collective models for welfare analyses.
Author: Dante Contreras
Publisher:
ISBN:
Category : Households
Languages : en
Pages : 350
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Book Description
Author: Amartya Sen
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 250
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Book Description
Textbook on the relationship between the objectives of social policy and preferences and aspirations of members of society, with particular reference to collective decision making in respect of social welfare. Bibliography pp. 201 to 218 and statistical tables.
Author: Tim Obermeier
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Recent advances in the collective model literature suggest ways to estimate the complete allocation of resources within households, using assignable goods and assuming adult preference similarity across demographic groups (or across spouses). While it makes welfare analysis at the individual level possible, the predictive power of the model is unknown. We propose the first validation of this approach, exploiting a unique dataset from Bangladesh in which the detailed expenditure on private goods by each family member is collected. Individualized expenditure allows us to test the identifying assumptions and to derive 'observed' resource sharing within families, which can be compared to the resource allocation predicted by the model. Sharing between parents and children is well predicted on average while the model detects key aspects like the extent of pro-boy discrimination. Results overall depend on the identifying good: clothing provides the best t compared to other goods as it best validates the preference-similarity assumption. The model leads to accurate measures of child and adult poverty, indicating the size and direction of the mistakes made when using the traditional approach based on per adult equivalent expenditure (i.e. ignoring within-household inequality). This assessment of existing approaches to measure individual inequality and poverty is crucial for both academic and policy circles and militates in favor of a systematic use of collective models for welfare analyses.
Author: Martin Browning
Publisher: Cambridge University Press
ISBN: 1107728924
Category : Business & Economics
Languages : en
Pages : 511
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Book Description
The family is a complex decision unit in which partners with potentially different objectives make consumption, work and fertility decisions. Couples marry and divorce partly based on their ability to coordinate these activities, which in turn depends on how well they are matched. This book provides a comprehensive, modern and self-contained account of the research in the growing area of family economics. The first half of the book develops several alternative models of family decision making. Particular attention is paid to the collective model and its testable implications. The second half discusses household formation and dissolution and who marries whom. Matching models with and without frictions are analyzed and the important role of within-family transfers is explained. The implications for marriage, divorce and fertility are discussed. The book is intended for graduate students in economics and for researchers in other fields interested in the economic approach to the family.
Author: Richard W. Blundell
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
We extend the collective model of household behavior to allow for the existence of public consumption. We show how this model allows the analysis of welfare consequences of policies aimed at changing the distribution of power within the household. Our setting provides a conceptual framework for addressing issues linked to the targeting of specific benefits or taxes. We also show that the observation of the labor supplies and the household demand for the public good allow one to identify individual welfare and the decision process. This requires either a separability assumption or the presence of a distribution factor.
