De gustibus non est disputandum? A new approach to the estimation of equivalence scales

被引:0
|
作者
Maltagliati M. [1 ]
De Santis G. [2 ]
机构
[1] Department of Statistics G. Parenti, 50134, Florence, Viale Morgagni
[2] Faculty of Political Science, Un. of Messina
关键词
Complete demand systems; Equivalence scales; Lifestyle; Taste; Utility comparison;
D O I
10.1007/BF02511649
中图分类号
学科分类号
摘要
We argue that when the household composition changes, consumption patterns vary not only because of the cost effect that equivalence scales try to measure, but also because of a "taste" or "style" effect. This effect can be identified and measured, under a few assumptions, with the use of a new methodology, called DM2 (Decomposition Model of the effects of Demographic Metamorphosis), that can be viewed as a generalisation of Ray's (1983) price-scaling approach to the construction of equivalent scales. An empirical application to data drawn from the Istat 1995 Italian Household Budget Survey suggests that the proposed method improves our understanding of households' consumption patterns and the reliability of the equivalence scales that we derive. © Springer-Verlag 2001.
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页码:211 / 236
页数:25
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