Overview

The Behavioral and Welfare Analysis of Consumption covers a wide range of applications using modern parametric and nonparametric econometric techniques related to the behavioural and welfare analysis of consumption. The applications measuring the cost of children, equity and poverty in Colombia are based on the theoretical developments presented in literature during the 1990's. The Behavioral and Welfare Analysis of Consumption places special emphasis on the treatment of demographic characteristics and the interpretation of their effects both in demand and welfare analysis related to the estimation of equivalence scales, social welfare functions and micro-simulations of poverty. The Behavioral and Welfare Analysis of Consumption is a comprehensive and up-to-date reference intended for graduate and advanced undergraduate students interested in the applied fields of consumption economics, welfare economics, development economics and applied econometrics. The contents of the book may be of use also to institutions in the implementation of applied welfare policies of both developed and less developed countries and the analysis of household surveys in general.

Full Product Details

Author:   Federico Perali
Publisher:   Springer-Verlag New York Inc.
Imprint:   Springer-Verlag New York Inc.
Edition:   Softcover reprint of the original 1st ed. 2003
Dimensions:   Width: 15.50cm , Height: 2.10cm , Length: 23.50cm
Weight:   0.623kg
ISBN:  

9781441953742

ISBN 10:   1441953744
Pages:   380
Publication Date:   07 December 2010
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Out of stock  
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Table of Contents

Introduction. Part I: Theory. 1: A Demographically Modified Demand Model: Behavioral and Welfare Properties. 1. Introduction. 2. Modified Demand Systems. 3. Specification of the Barten-Gorman Linear Almost Ideal Demand System in Share Form. 4. Homogeneity, Adding Up and the Identifying Restrictions of the Demographic Parameters. 5. Symmetry and Concavity. 6. Nonnegativity and Monotonicity. 7. Specification of the Barten-Gorman Linear Almost Ideal Demand System. 8. Aggregative Properties of the Barten-Gorman Model. 9. Exact Aggregation and Interpersonal Comparisons. 10. Summary and Remarks. 2: Demographics and Quality: Household Production Theory and the 'Repackaging Model' Revisited. 1. Introduction. 2.Demographic Effects and Quality. 3. Relevance of Household Production Theory and the 'Repackaging Model' to Quality Measurement. 4. A Unified Approach: Objective versus Subjective Quality. 5. The Demographic Slutsky Equation. 6. Subjective Quality. 7. Summary and Remarks. 3: Household Equivalence Scales and Interpersonal Comparisons. 1. Introduction. 2. Equivalence Scales and the Cost of Children. 3. Interpersonal Comparisons and Equivalence Scales. 4. Interpersonal Comparisons and Behavior: the IB Property and the Identification Problem. 5. The Implementation of Interpersonal Comparisons of Well-Being. 6. The Distribution of Welfare. 7. Income Dependent Equivalence Scales. 8. Equivalence Scales and Intra-Household Allocation.9. Restrictive Measures of Well-Being. 10. Unrestrictive Measures of Well-Being. 11. Summary and Remarks. Part II: Econometric Applications. 4: Estimation of a Censored Demand System. 1. Introduction. 2. Modeling the Rate of Consumption in Poor Societies. 3. The Model within a Random Utility Framework. 4. Specification of the Reduced Form and Identification of the Structural Equations. 5. Estimation Method. 6. Data and Results. 7. Summary and Remarks. Appendix 4A: Descriptive Statistics and Variable Definition. 5: Indexes of Characteristics: Income and Substitution Effects. 1. Introduction. 2. Barten-Gorman Preferences and Behavior. 3. Barten-Gorman Commodity Specific Indexes of Characteristics. 4. Estimates of the Demographic Income and Substitution Effects. 5. Summary and Remarks. 6: The Cost of Children and the Distribution of Welfare. 1. Introduction. 2. Rank of a Demand System and Non-Parametric Tests of the IB Property. 3. The Second Engel Law and Economies of Scale. 4. The Approximate Cost of a Child: Engel and Rothbarth Parametric Equivalence Scales. 5. The Exact Cost of Children from a Complete Demand System: Equivalence Scales and the Distribution of Welfare. 6. An International Comparison. 7. Demographic Targeting. 8. Summary and Remarks. Part III: Policy Applications. 7: Microsimulations of Poverty and Inequality Using the Distribution of Welfare. 1. Introduction. 2. Bas

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Author Information

Federico Perali is a Professor of Political Economy at the University of Verona, where he teaches Political Economy, Development Economics and Welfare Economics. He is also a founding member of the Center for Household, Income, Labor and Demographic Economics - CHILD, and has been a consultant for the World Bank, FAO, Unicef, the Italian Poverty Commission and the Pontifical Council for Justice and Peace.

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