The Standard of Living in the United States
AbstractA common approach to the evaluation of the standard of living is based.on a function of real income. In the United States, this often takes the form of consumer-price-index-deflated mean household income. Material well-being is more appropriately evaluated using a consumption-based index. Using data from the Consumer Expenditure Surveys, the author finds that real mean income provides an inaccurate representation of the level and trend of the standard of living relative to real per equivalent total expenditure in the postwar United States. The differences between real income and real total expenditure per household equivalent member are found at all levels of aggregation. Copyright 1991 by The International Association for Research in Income and Wealth.
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Bibliographic InfoArticle provided by International Association for Research in Income and Wealth in its journal Review of Income & Wealth.
Volume (Year): 37 (1991)
Issue (Month): 4 (December)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0034-6586
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- Javier Ruiz-Castillo Ucelay, 2005. "Relative And Absolute Poverty. The Case Of México, 1992-2004," Economics Working Papers we061103, Universidad Carlos III, Departamento de Economía.
- Matilde Mas Ivars & Francisco José Goerlich Gisbert, 1999. "- Desigualdad Y Convergencia," Working Papers. Serie EC 1999-07, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Coral del Río & Javier Ruiz-Castillo, 2001. "TIPs for poverty analysis. The case of Spain, 1980-81 to 1990-91," Investigaciones Economicas, Fundación SEPI, vol. 25(1), pages 63-91, January.
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