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http://hdl.handle.net/10419/21070
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| Title: | | Using Panel Data on Income Satisfaction to Estimate the Equivalence Scale Elasticity  |
| Authors: | | Schwarze, Johannes |
| Issue Date: | | 2000 |
| Series/Report no.: | | IZA Discussion paper series 224 |
| Abstract: | | In this paper a new method to estimate the equivalence scale elasticity using individual panel data on income satisfaction will be developed. In contrast to other subjective approaches, the present one benefits from the fact that no direct cardinal individual welfare function has to be specified. In addition, panel data enables different scale use by the respondents to be controlled. The approach gives straightforward evidence: Obviously there is an optimal elasticity at which people feel satisfied with their income. |
| Subjects: | | Equivalence scales income satisfaction panel data |
| JEL: | | C23 D31 I31 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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