Why household income doesn’t tell the full story on individual wellbeing

11 Jan 2024

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. Much of … Continued
poverty household income work measurement preferences time use economy and society consumption inequality cep the united kingdom centre for economic performance model simulation money-metric welfare index individual wellbeing tim obermeier fairness and equality mmwi

Authors

Anguyo,I

Published in
United Kingdom
Rights
© Anguyo,I

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