Why household income doesn't tell the full story on individual wellbeing

Obermeier, Tim (2024) Why household income doesn't tell the full story on individual wellbeing [['eprint_typename_blog_post' not defined]]
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The literature on inequality often focuses on household income, but this measure has several limitations for assessing individual wellbeing. Tim Obermeier develops a new collective household model which simultaneously accounts for consumption inequality within families, time use and different preferences, to measure the relationship between household income and individual wellbeing in more detail.

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