The measurement of household welfare is one of the most important yet difficult areas of economics. This volume contains contributions from leading experts throughout Europe, North America and Australia that extend the existing literature in a number of topical directions. Subjects discussed include: the subjective measurement of welfare, game theoretic models of household behavior and their welfare implications, and labor supply and welfare measurement. This book will be of interest to students and scholars of microeconomics, public economics, econometrics, and social policy.
1. An introduction to applied welfare analysis Richard Blundell, Ian Preston and Ian Walker; 2. Measuring the costs of children: a theoretical framework Charles Blackorby and David Donaldson; 3. The collective approach to household behaviour Francois Bourguignon and Pierre-Andre Chiappori; 4. Ordinal and cardinal utility: an integration of the two dimensions of the welfare concept Bernard Van Praag; 5. The determination of welfare in nonintact families Daniela Del Bocha and Chris Flinn; 6. Female labour supply, housework and family welfare Patricia Apps; 7. Engel equivalence scales in Sri Lanka: exactness, specification, measurement error Mamta Murthi; 8. Measuring the life-cycle consumption costs of children James Banks, Richard Blundell and Ian Preston; 9. Family fortunes in the 1970s and 1980s Fiona Coulter, Frank Cowell and Stephen Jenkins; 10. Ethically consistent welfare prescriptions are reference-price-independent Charles Blackorby, Francois Laisney and Rolf Schmachtenberg; 11. The effect of systematic misperception of income on the subjective poverty line Martijn Tummers.