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APPRAISAL OF DIFFERENT METHODS OF ESTIMATING EQUIVALENCE SCALES AND THEIR RESULTS
Author(s) -
NICHOLSON J. L.
Publication year - 1976
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/j.1475-4991.1976.tb01138.x
Subject(s) - equivalence (formal languages) , econometrics , economics , mathematical economics , standard of living , mathematics , discrete mathematics , market economy
This paper discusses the problems encountered in constructing equivalence scales of the relative incomes required to enable families of different sizes or in different circumstances to enjoy the same standard of living. Theoretical problems and limitations of various methods are discussed, and examples of empirical results are presented.