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The Estimation Of Pensioner Equivalence Scales Using Subjective Data

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  • Mark B. Stewart

Abstract

This paper uses panel data on pensioners' subjective evaluations of their financial positions to construct equivalence scales for pensioners. A pensioner couple is estimated to require an income 44 percent higher than a comparable single pensioner to reach the same standard of living. This is significantly less than the equivalence scale value implied by the ratio of state pension rates, the McClements equivalence scale value, and the scale value derived from Engel curve estimation for food expenditure using the same data source. The estimated equivalence scale value is robust to variations in the definition of the pensioner sample, the measurement of income, and the econometric model used. Copyright 2009 The Author. Journal compilation International Association for Research in Income and Wealth 2009.

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Bibliographic Info

Article provided by International Association for Research in Income and Wealth in its journal Review of Income and Wealth.

Volume (Year): 55 (2009)
Issue (Month): 4 (December)
Pages: 907-929

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Handle: RePEc:bla:revinw:v:55:y:2009:i:4:p:907-929

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Cited by:
  1. Aline Bütikofer & Michael Gerfin, 2009. "The economies of scale of living together and how they are shared - Estimates based on a collective household model," Diskussionsschriften, Universitaet Bern, Departement Volkswirtschaft dp0903, Universitaet Bern, Departement Volkswirtschaft.
  2. Justin van de Ven & Nicolas Herault & Francisco Azpitarte, 2014. "Identifying Tax Implicit Equivalence Scales," Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne wp2014n03, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
  3. John Bishop & Andrew Grodner & Haiyong Liu & Ismael Ahamdanech-Zarco, 2014. "Subjective poverty equivalence scales for Euro Zone countries," Journal of Economic Inequality, Springer, Springer, vol. 12(2), pages 265-278, June.
  4. Morciano, Marcello & Hancock, Ruth & Pudney, Stephen, 2012. "Disability costs and equivalence scales in the older population," ISER Working Paper Series 2012-09, Institute for Social and Economic Research.

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