Household Behaviour, Prices, and Welfare
Household Behaviour, Prices, and Welfare

Author: Ranjan Ray

Publisher: Springer

Published: 2018-11-03

Total Pages: 442

ISBN-13: 9811319308

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This collection of essays covers a diverse set of topics related to household behavior and welfare. Prices play a key role in several of the essays, particularly the distributional implications of price movements, and the effects of changes in relative prices on inequality and poverty. This book shows the shift in the literature on prices from being an exclusively macro topic featuring the study of inflation and cross-country comparisons to one that is firmly rooted in micro theory-based analysis of household behavior. It also includes recent developments in the poverty measurement literature, documenting the shift from the exclusively money metric and unidimensional poverty measures to multidimensional poverty encompassing a wider view of deprivation. Largely, but not exclusively, focusing on India, the book also features global comparisons of welfare. Intra country spatial comparisons along with cross country comparisons of household behavior and welfare feature in several of the essays in this book. The book also compares the effects of selected public delivery schemes in India on the health of its children. It is a useful resource for researchers and serves as reading material for advanced graduate courses on development in India and elsewhere.

Household Behaviour, Equivalence Scales, Welfare and Poverty
Household Behaviour, Equivalence Scales, Welfare and Poverty

Author: Camilo Dagum

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 307

ISBN-13: 3790826812

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A group of scholars converging on a common and socially relevant economic theme of research, that of households' welfare and poverty, met several times in the last two years to discuss the research progress and the opportunity to bring to gether for publication the research so far accomplished. They shared a research project supported by a grant from the former Italian Ministero dell'Universita e della Ricerca Scientifica e Tecnologica (MURST) now Ministero dell'Istruzione, dell'Universita e della Ricerca (MIUR): The Equiva lence Scales in the Measurement of Households' Welfare: Statistical, Economic and Demographic Analysis. The decisive meeting, an international seminar on the topics, was hosted by the University of Florence, siege of the national coordinator of this project. When one think of Florence, it is inevitable to think of the unfolding of Ren aissance, and reciprocally. th To the eyes of a traveller who had arrived to Florence in the 15 century, the city would have appeared as a sort of El Dorado, similarly to what would have occurred to the first conquerors of the South America's lands, so much astonishing were the richness of arts and the opulence of life. The flourishing of painting and sculpture had not equal all over the world and was reaching tops never made equal before. Masaccio, Brunelleschi, Donatello and later on Leonardo and Michelangelo, were the artistic and intellectual genius that enlightened beauty lovers princes.....

The Measurement of Household Welfare
The Measurement of Household Welfare

Author: R. W. Blundell

Publisher: Cambridge University Press

Published: 1994-09-15

Total Pages: 295

ISBN-13: 0521451957

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The measurement of household welfare is one of the most compelling yet demanding areas in economics. To place the analysis of inequality and poverty within an economic framework where individuals are making decisions about current and lifetime incomes and expenditures is a difficult task, made all the more challenging by the complexity of the decision-making process in which households are involved and the variety of constraints they face. This 1994 book examines the conceptual and practical difficulties of making inferences from observed behaviour. It addresses the problems of making comparisons across a range of very different households and discusses how data for such comparisons should be collected. The contributions, from experts from Europe, North America and Australia, have the unifying theme that there is a strong relationship between theoretical concepts from microeconomics and the appropriate use of micro data in evaluating household welfare.

Prices and Welfare
Prices and Welfare

Author: Abdelkrim Araar

Publisher: Springer

Published: 2019-07-17

Total Pages: 98

ISBN-13: 3030174239

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This book provides a general framework for the use of theoretical contributions in empirical works, addressing the question of what is the effect of a price change on household well-being. This simple question is one of the most relevant and controversial questions in microeconomic theory and one of the main sources of errors in empirical economics. In particular, this book aims to 1) Review the essential microeconomics literature since the first seminal papers by Hicks in the 1930s; 2) Organize and simplify this literature in a way that can be easily used by analysts with different backgrounds providing algebraic, geometric and computational illustrations; 3) identify and measure the essential differences across methods and test how these differences affect empirical results; 4) Provide guidelines for the use of alternative approaches under imperfect information on utility, demand systems, elasticities and more generally incomes and quantities; 5) Provide computational codes in Stata for the application of all methods. The focus of the book is on developing economies and the poor, and the assumptions made will relate primarily to these countries and group of people, presumably the main policy focus of international organizations and national governments.

The Economics of Household Behavior
The Economics of Household Behavior

Author: Peter Kooreman

Publisher: Bloomsbury Publishing

Published: 1997-03-14

Total Pages: 252

ISBN-13: 1349254363

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This new text focuses upon the growing interest in the economic behaviour of households and families and examines the microeconomic behaviour of household units and their place in the macroeconomic environment. By combining a number of aspects of household behaviour the authors have produced a stimulating and innovative international text in this topical area.

Advances in Household Economics, Consumer Behaviour and Economic Policy
Advances in Household Economics, Consumer Behaviour and Economic Policy

Author: Tran Van Hoa

Publisher: Taylor & Francis

Published: 2016-12-05

Total Pages: 196

ISBN-13: 1351960687

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This book considers recent advances in household economics, consumer behaviour and economic policy and examines their interrelationship and impact on growth, development, trade and welfare policy in world economies in the 21st century. Researched and written by authorities in these emerging areas from North America, the European Union and Australia/Oceania, the book has the timely advantage of bringing together in one place the development of diverse concepts and important applications in these areas. It is a must-have for academics, and will be used on advanced courses on household economics and production, demand analysis, economic policy, social security and welfare economics. It will also be of interest to trade and welfare policy-makers world-wide.

The Behavioral and Welfare Analysis of Consumption
The Behavioral and Welfare Analysis of Consumption

Author: Federico Perali

Publisher: Springer Science & Business Media

Published: 2013-06-29

Total Pages: 395

ISBN-13: 1475737297

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The motive force of human activity that propels the stream of progress is here caught at its source, in its most modest, material expressions. The mechanism of the passions acting as determinant in these low spheres is less complex and can therefore be observed with greater precision. All one need do is leave the picture its clear, calm colors and its simple design. Gradually, as that search for material well-being by which man is tormented grows and expand, it also tends to rise and pursue an ascendant course thorough the social classes. In 'I Malavoglia' it is still only the struggle for material needs. Once these needs are satisfied, the search turns into greed for riches and will be embedded in a bourgeois type . . . Giovanni Verga, from the Introduction to The House by the Medlar Tree (I Malavoglia) Motivation In the past decade, many less developed countries have undertaken structural adjustment programs with the hope of breaking the vicious circle of the depression that enveloped them during the 1980s and of loosening the suffocating grip of the debt crisis. Nearly always, macroeconomic stabilization implies a reduction of public spending and, consequently, a reduction of subsidies on wage goods and food production. Other macro policies, such as tariff elimination and exchange rates alignment, alter relative prices and may have significant effects on the level and distribution of income. Today, poverty and inequality are perceived as economic threats as a result of globalization and unbalanced market expansion.

Household and Economy
Household and Economy

Author: Marc Nerlove

Publisher: Academic Press

Published: 2014-05-10

Total Pages: 174

ISBN-13: 1483274683

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Household and Economy: Welfare Economics of Endogenous Fertility deals with welfare economics and the socially optimal population size, as well as the social consequences of individual choice with respect to family size within each generation. The general equilibrium implications of endogenous fertility for a number of issues of population policy are discussed. In addition to their own consumption, the number of children and the utility of each child is assumed to enter the utility function of the parents. Comprised of 10 chapters, this volume begins with a review of social welfare criteria for optimal population size and the static theory of optimal population size, optimal population growth with exogenous fertility, and the theory of endogenous fertility. The reader is then introduced to the basic principles of welfare economics and the economics of externalities, followed by a summary of the traditional theory of household behavior. Subsequent chapters focus on optimal population size according to various social welfare criteria; real and potential externalities generated by the endogeneity of fertility; and the principal alternative reason for having children: to transfer resources from the present to support the future consumption of parents in old age. The book concludes by assessing the implications of endogenous fertility for within-generation income distribution policies and reflecting on the directions in which future research may be fruitful. This monograph will be of value to economists, social scientists, students of welfare economics, and those who wish to understand the contribution of economic analysis to an improved understanding of population policy.

Changes of Household Consumption Behavior During the Transition from Centrally-planned to Market-oriented Economy
Changes of Household Consumption Behavior During the Transition from Centrally-planned to Market-oriented Economy

Author: Sonya Kostova Huffman

Publisher:

Published: 1999

Total Pages: 248

ISBN-13:

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The study showed a roughly 70 percent decline in welfare for households over the transition with the most affected group being a family with three children. Assessing the effects of new policies requires careful analysis of household consumption in transition economies. Using virtual prices rather than actual prices for the rationed goods reduced greatly (by a factor of 4) the size of the welfare loss over the transition. Incorporating the effects of consumer rationing can greatly improve the accuracy of welfare policy formulation.

Consumer Demand in the United States
Consumer Demand in the United States

Author: Lester D. Taylor

Publisher: Springer Science & Business Media

Published: 2009-11-25

Total Pages: 530

ISBN-13: 1441905103

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A classic treatise that defined the field of applied demand analysis, Consumer Demand in the United States: Prices, Income, and Consumption Behavior is now fully updated and expanded for a new generation. Consumption expenditures by households in the United States account for about 70% of America’s GDP. The primary focus in this book is on how households adjust these expenditures in response to changes in price and income. Econometric estimates of price and income elasticities are obtained for an exhaustive array of goods and services using data from surveys conducted by the Bureau of Labor Statistics and aggregate consumption expenditures from the National Income and Product Accounts, providing a better understanding of consumer demand. Practical models for forecasting future price and income elasticities are also demonstrated. Fully revised with over a dozen new chapters and appendices, the book revisits the original Houthakker-Taylor models while examining new material as well, such as the use of quantile regression and the stationarity of consumer preference. It also explores the emerging connection between neuroscience and consumer behavior, integrating the economic literature on demand theory with psychology literature. The most comprehensive treatment of the topic to date, this volume will be an essential resource for any researcher, student or professional economist working on consumer behavior or demand theory, as well as investors and policymakers concerned with the impact of economic fluctuations.