Horizontal Equity, Uncertainty, and Economic Well-being
Martin David · Timothy Smeeding
Feb 2009 · National Bureau of Economic Research Studies in Income and Wealth Book 50 · University of Chicago Press
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About this ebook
The result of a National Bureau of Economic Research Income and Wealth conference held in December 1983, this volume looks at the concept of "economic well-being" and the ways that analysts have tried to measure it. In addition to income, economists have begun to consider such factors as pensions, wealth, health, and environment when measuring the well-being of a particular group. They have also begun to measure how consumers respond, successfully or unsuccessfully, to such economic uncertainties as inflation, divorce, and retirement. Using new data and techniques, the contributors to this book concentrate on issues of uncertainty and horizontal equity (the equal treatment of individuals within a defined group). Their work points to better ways of determining how various groups in a society are faring relative to other groups. Economists and policy analysts, therefore, will be in a better position to determine how government programs should be applied when well-being is used as a test.
About the author
Martin David is professor in the department of economics at the University of Wisconsin. Timothy Smeeding is professor of economics and director of the Division of Social Science Research at the University of Utah.
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