CATALOGO DEI PRODOTTI DELLA RICERCA
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EnglishThe paper estimates the cost of maintaining a child, at different ages, the cost of being single, and the cost of additional adults present in a family, with the aim of making comparable the income levels of different households. The study investigates the issue of econometric identification of equivalence scales within a demand system modified to include demographic characteristics consistently with economic theory. It shows that a robust estimation of equivalence scales must take into formal consideration the problem of econometric identification. The estimate also puts forward all-encompassing demographic specifications to identify costs due to differences in needs, household lifestyles, and economies of scale.
| Titolo: | Econometric Identification of the Cost of Maintaining a Child |
| Autori: | |
| Data di pubblicazione: | 2010 |
| Abstract: | The paper estimates the cost of maintaining a child, at different ages, the cost of being single, and the cost of additional adults present in a family, with the aim of making comparable the income levels of different households. The study investigates the issue of econometric identification of equivalence scales within a demand system modified to include demographic characteristics consistently with economic theory. It shows that a robust estimation of equivalence scales must take into formal consideration the problem of econometric identification. The estimate also puts forward all-encompassing demographic specifications to identify costs due to differences in needs, household lifestyles, and economies of scale. |
| Handle: | http://hdl.handle.net/11562/342229 |
| Appare nelle tipologie: | 01.01 Articolo in Rivista |
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