Measurement of welfare : theory and practical guidelines (English)

Measurement of practical welfare involves the concepts of income, real income, per capital real income, and occasionally a measure of inequality; the economic approach, however, works with such concepts as preferences, utility, and social welfare functions. This paper maintains that, despite this apparent contrast, the economic and statistical approaches to the measurement of welfare are essentially identical. The desired outcome of any discussion...

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Author

Deaton,Angus S.;
Document Date
1980/10/31
Document Type
Publication
Report Number
LSM7
Volume No
1
Total Volume(s)
1
Disclosure Date
2010/07/01
Doc Name
Measurement of welfare : theory and practical guidelines
Keywords
price index

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Citation

Deaton,Angus S..

Measurement of welfare : theory and practical guidelines (English). Living standards measurement study (LSMS) working paper ; no. LSM 7 Washington, DC : The World Bank. http://documents.worldbank.org/curated/en/439061468764682309

Measurement of welfare : theory and practical guidelines (English)

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