Rent Imputation for Welfare Measurement : A Review of Methodologies and Empirical Findings

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dc.creatorBalcazar, Carlos Felipe
dc.creatorCeriani, Lidia
dc.creatorOlivieri, Sergio
dc.creatorRanzani, Marco
dc.date2014-12-03T15:50:00Z
dc.date2014-12-03T15:50:00Z
dc.date2014-11
dc.date.accessioned2026-07-01T00:48:47Z
dc.descriptionAs well acknowledged in the literature, housing is often the dominant consumption good for most households. As such, it should be included in a comprehensive welfare aggregate to measure people's living standards accurately. However, assigning a value to the flow of the dwelling for homeowners and nonmarket tenants is problematic. Over the last decades several estimation techniques have been proposed and implemented by practitioners covering from very simple to sophisticated approaches. This paper provides an extensive review of different methods to impute rent, commonly used for welfare analysis. It also gives an overview of how this problem has been addressed by other economic domains, namely national accounts, price indices, purchasing power parities, and taxation. Finally, after setting up a theoretical framework, the paper summarizes the empirical findings about the distributional impact of including imputed rents in welfare aggregates.
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dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2014/11/20373375/rent-imputation-welfare-measurement-review-methodologies-empirical-findings
dc.identifierhttps://hdl.handle.net/10986/20613
dc.identifierhttps://doi.org/10.1596/1813-9450-7103
dc.identifier.urihttp://hdl.handle.net/123456789/411386
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank Group, Washington, DC
dc.relationPolicy Research Working Paper;No. 7103
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABSOLUTE POVERTY
dc.subjectABSOLUTE POVERTY LINE
dc.subjectAGRICULTURE
dc.subjectAPARTMENTS
dc.subjectBASKET OF GOODS
dc.subjectBENCHMARK
dc.subjectBONDS
dc.subjectCASH FLOW
dc.subjectCHANGES IN POVERTY
dc.subjectCITIES
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONSUMER PRICE INDICES
dc.subjectCONSUMER PRICES
dc.subjectCONSUMPTION AGGREGATE
dc.subjectCONSUMPTION EXPENDITURE
dc.subjectCONSUMPTION EXPENDITURES
dc.subjectCONSUMPTION INCREASES
dc.subjectCONSUMPTION MEASURE
dc.subjectCOST OF HOUSING
dc.subjectCRIME
dc.subjectDESCRIPTION
dc.subjectDEVELOPMENT POLICY
dc.subjectDISPOSABLE INCOME
dc.subjectDISTRICTS
dc.subjectDURABLE GOODS
dc.subjectDWELLING
dc.subjectDWELLING COSTS
dc.subjectDWELLINGS
dc.subjectECONOMETRIC MODELS
dc.subjectECONOMETRICS
dc.subjectECONOMIC COOPERATION
dc.subjectECONOMIC SECTORS
dc.subjectECONOMIC STATISTICS
dc.subjectECONOMIC THEORY
dc.subjectELASTICITY
dc.subjectEQUALITY
dc.subjectEXCHANGE RATES
dc.subjectFAMILY MEMBERS
dc.subjectFINANCIAL CRISIS
dc.subjectFOOD CONSUMPTION
dc.subjectFOOD POVERTY
dc.subjectFOOD POVERTY LINE
dc.subjectFOOD PRICES
dc.subjectFUNCTIONAL FORMS
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGROSS VALUE
dc.subjectHOME OWNER
dc.subjectHOME OWNERS
dc.subjectHOME OWNERSHIP
dc.subjectHOMEOWNERS
dc.subjectHOMES
dc.subjectHOSPITALS
dc.subjectHOUSE PRICES
dc.subjectHOUSEHOLD BUDGET
dc.subjectHOUSEHOLD COMPOSITION
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD SURVEY
dc.subjectHOUSEHOLD SURVEYS
dc.subjectHOUSEHOLDS
dc.subjectHOUSES
dc.subjectHOUSING
dc.subjectHOUSING COSTS
dc.subjectHOUSING ECONOMICS
dc.subjectHOUSING MARKET
dc.subjectHOUSING MARKETS
dc.subjectIMPACT ON POVERTY
dc.subjectINCOME
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME INEQUALITY
dc.subjectINEQUALITY
dc.subjectINEQUALITY MEASURES
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINHABITANTS
dc.subjectINSURANCE
dc.subjectINTERNATIONAL POVERTY COMPARISONS
dc.subjectLIVING CONDITION
dc.subjectLIVING CONDITIONS
dc.subjectLIVING STANDARDS
dc.subjectMEASUREMENT OF POVERTY
dc.subjectMONETARY POLICY
dc.subjectMORTGAGES
dc.subjectNEIGHBORHOOD
dc.subjectNEIGHBORHOODS
dc.subjectNOMINAL INTEREST RATE
dc.subjectOCCUPATION
dc.subjectOPPORTUNITY COST
dc.subjectOPPORTUNITY COSTS
dc.subjectPER CAPITA CONSUMPTION
dc.subjectPOLITICAL ECONOMY
dc.subjectPOOR
dc.subjectPOOR INDIVIDUALS
dc.subjectPOPULATION GROUPS
dc.subjectPOVERTY ESTIMATES
dc.subjectPOVERTY INDICES
dc.subjectPOVERTY LEVEL
dc.subjectPOVERTY LEVELS
dc.subjectPOVERTY LINE
dc.subjectPOVERTY LINES
dc.subjectPOVERTY MEASURES
dc.subjectPOVERTY RATE
dc.subjectPOVERTY STATUS
dc.subjectPOVERTY THRESHOLD
dc.subjectPRICE INDEXES
dc.subjectPRICE LEVELS
dc.subjectPROPERTY TAXES
dc.subjectPROPERTY VALUES
dc.subjectPURCHASING POWER
dc.subjectQUALITY OF LIFE
dc.subjectREAL INTEREST RATE
dc.subjectREDUCTION IN POVERTY
dc.subjectREGIONAL SCIENCE
dc.subjectRENTAL SERVICES
dc.subjectRENTALS
dc.subjectRENTING
dc.subjectRENTS
dc.subjectRURAL
dc.subjectRURAL AREAS
dc.subjectSAVINGS
dc.subjectSETTLEMENT
dc.subjectSHELTER
dc.subjectSPATIAL DEPENDENCE
dc.subjectSPATIAL DISTRIBUTION
dc.subjectSPATIAL PATTERNS
dc.subjectTAXATION
dc.subjectTOTAL POVERTY
dc.subjectTOTAL POVERTY LINE
dc.subjectTRAFFIC
dc.subjectURBAN AREAS
dc.subjectUTILITY FUNCTION
dc.subjectWEALTH
dc.subjectWELFARE DISTRIBUTION
dc.subjectWELFARE MEASURE
dc.subjectWELFARE MEASURES
dc.titleRent Imputation for Welfare Measurement : A Review of Methodologies and Empirical Findings

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