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

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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Tim Obermeier

11 January 2024

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LSE British Politics and Policy

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https://blogs.lse.ac.uk/politicsandpolicy/why-household-income-doesnt-tell-the-full-story-on-individual-wellbeing/

This work is published under POID and the CEP's Community Wellbeing programmeCommunity Wellbeing programme.