Guidelines for Constructing Consumption Aggregates for Welfare Analysis

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dc.creatorDeaton, Angus
dc.creatorZaidi, Salman
dc.date2013-06-20T21:22:51Z
dc.date2013-06-20T21:22:51Z
dc.date2002-05
dc.date.accessioned2026-07-01T01:20:26Z
dc.descriptionAn analyst using household survey data to construct a welfare metric is often confronted with onfronted with An analyst using household survey data to construct a welfare metric is often confronted with a number of theoretical and practical problems. What components should be included in the overall welfare measure? Should differences in tastes be taken into account when making comparisons across people and households? How best should differences in cost-of-living and household composition be taken into consideration? Starting with a brief review of the theoretical framework underpinning typical welfare analysis undertaken based on household survey data, this paper provides some practical guidelines and advice on how best to tackle such problems. It outlines a three-part procedure for constructing a consumption-based measure of individual welfare: 1) aggregation of different components of household consumption to construct a nominal consumption aggregate; 2) construction of price indices to adjust for differences in prices faced by households; and 3) adjustment of the real consumption aggregate for differneces in household composition. Examples based on survey data fro eight countries--Ghana, Vietnam, Nepal, the Kyrgyz Republic, Ecuador, South Africa, Panama, and Brazil--are used to illustrate the various steps involved in constructing the welfare measure, and the STATA programs used for this purpose are provided in the appendix. The paper also includes examples of some analytic techniques used to examine the robustness of the estimated welfare measure to underlying assumptions.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2002/05/1944189/guidelines-constructing-consumption-aggregates-welfare-analysis
dc.identifier0-8213-4990-2
dc.identifierhttps://hdl.handle.net/10986/14101
dc.identifierhttps://doi.org/10.1596/0-8213-4990-2
dc.identifier.urihttp://hdl.handle.net/123456789/417200
dc.languageEnglish
dc.languageen_US
dc.relationLSMS Working Paper;No. 135
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectAGRICULTURE
dc.subjectAVERAGE LEVEL
dc.subjectCASE STUDIES
dc.subjectCONCEPTUAL FRAMEWORK
dc.subjectCONSUMER PREFERENCES
dc.subjectCONSUMERS
dc.subjectCONSUMPTION AGGREGATE
dc.subjectCONSUMPTION BUNDLE
dc.subjectCONSUMPTION DATA
dc.subjectCONSUMPTION MEASURES
dc.subjectCONSUMPTION SURVEYS
dc.subjectCOST FUNCTIONS
dc.subjectDATA SETS
dc.subjectDEFLATION
dc.subjectDEMAND FUNCTIONS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT RESEARCH
dc.subjectDISTRIBUTIONAL EFFECTS
dc.subjectDURABLE GOODS
dc.subjectECONOMIC MANAGEMENT
dc.subjectECONOMISTS
dc.subjectEMPIRICAL LITERATURE
dc.subjectEMPLOYMENT
dc.subjectEXPENDITURE MEASURE
dc.subjectEXPENDITURE SURVEY
dc.subjectEXPENDITURES
dc.subjectFARM HOUSEHOLDS
dc.subjectFIXED PRICES
dc.subjectFOOD CONSUMPTION
dc.subjectHEALTH STATUS
dc.subjectHOUSEHOLD COMPOSITION
dc.subjectHOUSEHOLD CONSUMPTION
dc.subjectHOUSEHOLD DATA
dc.subjectHOUSEHOLD EXPENDITURE
dc.subjectHOUSEHOLD EXPENDITURES
dc.subjectHOUSEHOLD MEMBERS
dc.subjectHOUSEHOLD SIZE
dc.subjectHOUSEHOLD SURVEY
dc.subjectHOUSEHOLD SURVEYS
dc.subjectHUMAN WELFARE
dc.subjectINCOME
dc.subjectINCOME DATA
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOMES
dc.subjectINDIFFERENCE CURVE
dc.subjectINDIFFERENCE CURVES
dc.subjectINDIVIDUAL INCOME
dc.subjectINEQUALITY
dc.subjectLEISURE
dc.subjectLIVING INDEX
dc.subjectLIVING STANDARDS
dc.subjectLIVING STANDARDS MEASUREMENT
dc.subjectLIVING STANDARDS MEASUREMENT STUDY
dc.subjectMARGINAL VALUE
dc.subjectMONEY INCOME
dc.subjectNATIONAL INCOME
dc.subjectNATIONAL INCOME ACCOUNTING
dc.subjectNON-FOOD ITEMS
dc.subjectPOLICY ANALYSIS
dc.subjectPOLICY ISSUES
dc.subjectPOLICY MAKERS
dc.subjectPOOR COUNTRIES
dc.subjectPOVERTY ANALYSIS
dc.subjectPOVERTY LINE
dc.subjectPOVERTY REDUCTION
dc.subjectPRESENT VALUE
dc.subjectPRICE DIFFERENCES
dc.subjectPRICE INDEXES
dc.subjectPRICE RELATIVES
dc.subjectPRICE VECTOR
dc.subjectPRICE VECTORS
dc.subjectPUBLIC GOOD
dc.subjectPUBLIC GOODS
dc.subjectQUESTIONNAIRE
dc.subjectREDISTRIBUTIVE POLICY
dc.subjectREGIONAL PRICE DIFFERENCES
dc.subjectRELATIVE PRICES
dc.subjectSMALL BUSINESS
dc.subjectSPATIAL CONTEXT
dc.subjectSTATISTICAL OFFICES
dc.subjectSURVEY
dc.subjectUTILITY LEVEL
dc.subjectUTILITY POVERTY
dc.subjectWAGE INCOME
dc.subjectWEALTH
dc.subjectWELFARE EFFECTS
dc.titleGuidelines for Constructing Consumption Aggregates for Welfare Analysis
dc.titleDirectrices para construir agregados de consumo para analizar el bienestar

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