The Measurement of Household Welfare

The measurement of household welfare is one of the most important yet difficult areas of economics. This volume contains contributions from leading experts throughout Europe, North America and Australia that extend the existing literature in a number of topical directions. Subjects discussed include: the subjective measurement of welfare, game theoretic models of household behavior and their welfare implications, and labor supply and welfare measurement. This book will be of interest to students and scholars of microeconomics, public economics, econometrics, and social policy.