This paper surveys three alternative approaches to the measurement and analysis of welfare, reflective of the thinking that has been ongoing in the Bank's Living Standards Measurement Study. The first approach advocates the derivation of true indexes of welfare from the preference paramaters estimated in an integrated model of household expenditures deflated by a price index and an adult equivalence scale as a measure of welfare. The third approach...
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INFORMATION
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1983/03/31
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Article de revue
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REP258
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1
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1
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2010/07/10
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Disclosed
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The conceptual basis of measures of household welfare and their implied survey data requirements
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Household Income and Expenditure Survey
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