The literature on inequality often focuses on household income, but this measure has several limitations for assessing individual wellbeing. Tim Obermeier develops a new collective household model which simultaneously accounts for consumption inequality within families, time use and different preferences, to measure the relationship between household income and individual wellbeing in more detail.

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11 January 2024

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LSE British Politics and Policy

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https://blogs.lse.ac.uk/politicsandpolicy/why-household-income-doesnt-tell-the-full-story-on-individual-wellbeing/

This Blog is published under the centre's Community Wellbeing programme.