Reference : Family-Type Subsistence Incomes
Reports : External report
Business & economic sciences : General economics & history of economic thought
http://hdl.handle.net/10993/12228
Family-Type Subsistence Incomes
English
Koulovatianos, Christos mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
Schroeder, Carsten [> >]
Schmidt, Ulrich [> >]
2006
University of Vienna
0602
[en] Different family types may have a fixed flow of consumption costs, related to subsistence needs. We use a survey method in order to identify and estimate such a fixed component of spending for different families. Our method involves making direct questions about the linkup between aggregate disposable family income and well-being for different family types. Conducting our survey in six countries, Germany, France, Cyprus, China, India and Botswana, we provide evidence that fixed costs of consumption are embedded in welfare evaluations of respondents. More precisely, we find that the formalized relationship between welfare-retaining aggregate family incomes across different family types, suggested by Donaldson and Pendakur (2005) and termed “Generalized Absolute Equivalence Scale Exactness,” is prevalent and robust in our data. We use this relationship to identify subsistence needs of different family types and to calculate income inequality.
http://hdl.handle.net/10993/12228
http://homepage.univie.ac.at/Papers.Econ/RePEc/vie/viennp/vie0602.pdf

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