An Intertemporal Comparison of Income and Welfare for Two Mexican Regions
AbstractThis paper compares the evolution of income (GDP per capita) with utility derived welfare indices for two Mexican regions from 1992-2000. A methodology is proposed based on implicit true standard of living indices. Results show that welfare dynamics differed between regions and varied considerably compared to GDP per capita measures for the same period, thereby posing three questions: how well aggregate income measures reflect welfare, the role of CPI as a cost of living index, and the existence of different thresholds for wealth and welfare conditioned on development levels. This research reaffirms the importance of household preferences in evaluating welfare.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Escuela de Graduados en Administración Pública y Políticas Públicas, Campus Monterrey in its series Working Papers with number 20062.
Length: 38 pages
Date of creation: Jul 2006
Date of revision: Jul 2006
Mexico; welfare; intertemporal comparison; income; CPI;
Find related papers by JEL classification:
- I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-01-28 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- James Banks & Richard Blundell & Arthur Lewbel, 1997. "Quadratic Engel Curves And Consumer Demand," The Review of Economics and Statistics, MIT Press, vol. 79(4), pages 527-539, November.
- James Banks & Richard Blundell & Arthur Lewbel, 1994.
"Tax reform and welfare measurement: do we need demand system estimation?,"
IFS Working Papers
W94/11, Institute for Fiscal Studies.
- Banks, James & Blundell, Richard & Lewbel, Arthur, 1996. "Tax Reform and Welfare Measurement: Do We Need Demand System Estimation?," Economic Journal, Royal Economic Society, vol. 106(438), pages 1227-41, September.
- Villarreal, Hector J. & Mehta, Aashish, 2005. "Inequality and Heterogeneous Returns to Education in Mexico (1992-2002)," Proceedings of the German Development Economics Conference, Kiel 2005 34, Verein für Socialpolitik, Research Committee Development Economics.
- Hector J. Villarreal & Ricardo Cantú, . "Do Walmartians Ruled? The political power of an emerging middle class in Mexico," Working Papers 20081, Escuela de Graduados en Administración Pública y Políticas Públicas, Campus Monterrey, revised Jun 2007.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ricardo Cantú).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.