Social Sciences
4 years ago

Welfare Comparisons Revolutionized: New Approach Empowers Diverse Households

Review of Income and Wealth
USING FUNCTIONINGS TO ESTIMATE EQUIVALENCE SCALES
Sara Lelli

Paper Summary

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Equivalence scales help compare welfare between different households. This study suggests using functionings achieved by households to create these scales. By considering factors like household size, location, and employment status, we can better compare welfare levels.