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Autor:innen: 
Erscheinungsjahr: 
2000
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 224
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
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.
Schlagwörter: 
Equivalence scales
income satisfaction
panel data
JEL: 
C23
D31
I31
Dokumentart: 
Working Paper

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