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Ferrer-i-Carbonell, Ada
University of Amsterdam, Tinbergen Institute and AIAS
Praag, Bernard van
University of Amsterdam, Tinbergen Institute and SCHOLAR
Print publication date: 2004 (this edition)
Published to Oxford Scholarship Online: January 2005 Print ISBN-13: 978-0-19-828654-7 doi:10.1093/0198286546.003.0002 |
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This chapter examines income satisfaction based on empirical results derived from German and British data. It is shown that the results derived from the financial-satisfaction question and those from the income-evaluation question developed by Van Praag and Kapteyn are nearly identical. These results are used to define family equivalence scales. The preference-drift phenomenon is also discussed.
Keywords: income satisfaction, family equivalence scales, financial satisfaction question, income evaluation question, preference-drift phenomenon,
doi:10.1093/0198286546.003.0002
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The Analysis Of Income Satisfaction With An Application To Family Equivalence Scales
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