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Estimates of semiparametric equivalence scales

✍ Scribed by Thanasis Stengos; Yiguo Sun; Dianqin Wang

Publisher
John Wiley and Sons
Year
2006
Tongue
English
Weight
110 KB
Volume
21
Category
Article
ISSN
0883-7252

No coin nor oath required. For personal study only.

✦ Synopsis

Abstract

Within the semiparametric framework introduced by Pendakur (1999) we introduce a new loss function to estimate equivalence scales. This loss function uses all available information from the total expenditures of both the reference and nonreference households and as such it produces more reliable estimates. Using Canadian family expenditure data for 1996 we apply this loss function to obtain equivalence scale estimates for a variety of expenditure share categories such as food, fuel and clothing. Copyright Β© 2006 John Wiley & Sons, Ltd.

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