Arbeitspapier
Using Panel Data on Income Satisfaction to Estimate the Equivalence Scale Elasticity
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.
- Language
-
Englisch
- Bibliographic citation
-
Series: DIW Discussion Papers ; No. 227
- Classification
-
Wirtschaft
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
General Welfare; Well-Being
Personal Income, Wealth, and Their Distributions
- Subject
-
equivalence scales
income satisfaction
panel data
Einkommensverteilung
Disparitätsmaß
Sozialpsychologie
Haushaltseinkommen
Elastizität
Panel
Schätzung
Deutschland
- Event
-
Geistige Schöpfung
- (who)
-
Schwarze, Johannes
- Event
-
Veröffentlichung
- (who)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (where)
-
Berlin
- (when)
-
2000
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Schwarze, Johannes
- Deutsches Institut für Wirtschaftsforschung (DIW)
Time of origin
- 2000
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Using Panel Data on Income Satisfaction to Estimate the Equivalence Scale Elasticity
Using Panel Data on Income Satisfaction to Estimate the Equivalence Scale Elasticity
Preferences, income, and life satisfaction: An equivalence result
General Panel System, Cost Estimate for General Panel Minimum House
Vignette Equivalence and Response Consistency: The Case of Job Satisfaction
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That elusive elasticity : a long-panel approach to estimating the capital-labor substitution elasticity
Information equivalence among transformations of semiparametric nonlinear panel data models
Estimating extended income equivalence scales from income satisfaction and time use data
ESTIMATE
Using Panel Data on Income Satisfaction to Estimate the Equivalence Scale Elasticity
Using Panel Data on Income Satisfaction to Estimate the Equivalence Scale Elasticity
Preferences, income, and life satisfaction: An equivalence result
General Panel System, Cost Estimate for General Panel Minimum House
Vignette Equivalence and Response Consistency: The Case of Job Satisfaction
Vignette equivalence and response consistency: The case of job satisfaction
Vignette equivalence and response consistency: The case of job satisfaction
Vignette Equivalence and Response Consistency; The Case of Job Satisfaction
That elusive elasticity : a long-panel approach to estimating the capital-labor substitution elasticity
Information equivalence among transformations of semiparametric nonlinear panel data models
Estimating extended income equivalence scales from income satisfaction and time use data