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Author: Tinna Laufey Asgeirsdottir
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Equivalence scales (ES) are widely used to compare income levels across different households. Yet the commonly used OECD and square-root scales rely on assumptions about household economies of scale that lack robust empi...Read more...
Andrew E. Clark, Tinna Laufey Asgeirsdottir, Gunnar Stefansson and Gudrun Svavarsdottir
2 June 2025
There is much still to learn about the relationship between income and well-being, and in particular how this may depend on the economic and social context. We use Russian data to estimate individual Welfare Functions of...Read more...
1 May 2024