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Measures of Economic Status -– Combining Income and Wealth into a Single Measure of the Potential Command Over Goods and Services

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Author Info
Hill, Berkeley
Abstract

The purpose of this paper is to stimulate discussion on the way that economists, statisticians and analysts treat the wealth of agricultural households and changes in that wealth not arising from production. The concept of “"economic status”" is revisited and the implications of using it when making comparisons of agricultural households with other groups in society is reviewed. A more explicit treatment of capital and wealth is proposed.

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Publisher Info
Paper provided by International Agricultural Policy Reform and Adjustment Project (IAPRAP) in its series Workshop on the Farm Household-Firm Unit: Its Importance in Agriculture and Implications for Statistics, April 12-13, 2002, Wye Campus,Imperial College with number 15715.

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Date of creation: 2002
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Handle: RePEc:ags:iapr02:15715

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Keywords: Consumer/Household Economics;

References listed on IDEAS
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  1. Bhatia, Kul B, 1972. "Capital Gains and the Aggregate Consumption Function," American Economic Review, American Economic Association, vol. 62(5), pages 866-79, December. [Downloadable!] (restricted)
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This page was last updated on 2009-12-26.

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