Measures of Economic Status - Combining Income and Wealth into a Single Measure of the Potential Command Over Goods and Services
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.
|Date of creation:||2002|
|Contact details of provider:|| Web page: http://agadjust.aers.psu.edu/|
References listed on IDEAS
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- Kul B. Bhatia, 1971. "On Estimating Capital Gains in U. S. Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 53(3), pages 502-506.
- Wyn P. Grant & John T.S. Keeler (ed.), 2000. "Agricultural Policy," Books, Edward Elgar Publishing, volume 0, number 1655, May.
- Emanuel Melichar, 1979. "Capital Gains versus Current Income in the Farming Sector," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(5), pages 1085-1092.
- Bhatia, Kul B, 1970. "Accrued Capital Gains, Personal Income and Saving in the United States, 1948-1964," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 16(4), pages 363-378, December.
- Bhatia, Kul B, 1972. "Capital Gains and the Aggregate Consumption Function," American Economic Review, American Economic Association, vol. 62(5), pages 866-879, December.
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