THE ESTIMATION OF PENSIONER EQUIVALENCE SCALES USING SUBJECTIVE DATA
نویسندگان
چکیده
منابع مشابه
The estimation of pensioner equivalence scales using subjective data
This paper uses panel data on pensioners’ subjective evaluations of their financial positions to construct equivalence scales for pensioners. A pensioner couple is estimated to require an income 44% higher than a comparable single pensioner to reach the same standard of living. This is significantly less than the equivalence scale value implied by the ratio of state pension rates, the McClement...
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This paper uses ordered response models of pensioners’ subjective evaluations of their ...nancial positions to construct equivalence scales for pensioners. A range of di¤erent ordered response models is used. The paper examines the sensitivity of the estimated scale to (a) the econometric model used and (b) the measurement of income. A pensioner couple is found to require on average 1.3 to 1.4 ...
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ژورنال
عنوان ژورنال: Review of Income and Wealth
سال: 2009
ISSN: 0034-6586,1475-4991
DOI: 10.1111/j.1475-4991.2009.00352.x