Micro-level estimation of welfare
AbstractThe authors construct and derive the properties of estimators of welfare that take advantage of the detailed information about living standards available in small household surveys and the comprehensive coverage of a census or large sample. By combining the strengths of each, the estimators can be used at a remarkably disaggregated level. They have a clear interpretation, are mutually comparable, and can be assessed for reliability using standard statistical theory. Using data from Ecuador, the authors obtain estimates of welfare measures, some of which are quite reliable for populations as small as 15,000 households--a"town."They provide simple illustrations of their use. Such estimates open up the possibility of testing, at a more convincing intra-country level, the many recent models relating welfare distributions to growth and a variety of socioeconomic and political outcomes.
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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 2911.
Date of creation: 31 Oct 2002
Date of revision:
Statistical&Mathematical Sciences; Economic Theory&Research; Environmental Economics&Policies; Scientific Research&Science Parks; Public Health Promotion; Scientific Research&Science Parks; Science Education; Statistical&Mathematical Sciences; Economic Theory&Research; VN-Acb Mis -- IFC-00535908;
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