Quantifying the economic cost of children: a note on intertemporal equivalence scales

Quantifying the economic cost of children: a note on intertemporal equivalence scales Static economic models based on complete demand systems are inadequate for estimating unconditional equivalence scales; in order to capture the effects of demographic changes on consumer behaviour, a life-cycle dynamic model is taken into account. In literature, studies have presented and evaluated longitudinal equivalence scales and intertemporal cost of children but these cannot be applied in practice when equivalence scales are utilised in poverty or income distribution analyses. This paper proposes intratemporal equivalent income scales, which are within period index numbers incorporating intertemporal consumer behaviour. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Quality & Quantity Springer Journals

Quantifying the economic cost of children: a note on intertemporal equivalence scales

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Publisher
Springer Netherlands
Copyright
Copyright © 2016 by Springer Science+Business Media Dordrecht
Subject
Social Sciences; Methodology of the Social Sciences; Social Sciences, general
ISSN
0033-5177
eISSN
1573-7845
D.O.I.
10.1007/s11135-016-0325-2
Publisher site
See Article on Publisher Site

Abstract

Static economic models based on complete demand systems are inadequate for estimating unconditional equivalence scales; in order to capture the effects of demographic changes on consumer behaviour, a life-cycle dynamic model is taken into account. In literature, studies have presented and evaluated longitudinal equivalence scales and intertemporal cost of children but these cannot be applied in practice when equivalence scales are utilised in poverty or income distribution analyses. This paper proposes intratemporal equivalent income scales, which are within period index numbers incorporating intertemporal consumer behaviour.

Journal

Quality & QuantitySpringer Journals

Published: Mar 3, 2016

References

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