On the income dependence of equivalence scales |
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| Institution: | 1. Department of Economics, University of Vienna, Hohenstaufengasse 9, A-1010 Vienna, Austria;2. Institute of Public Economics, University of Kiel, Germany;3. Department of Financial Economics, University of Hannover, Germany;1. Stockholm International Peace Research Institute, Signalistgatan 9, 16970 Solna, Sweden;2. Leibniz Universität Hannover, School of Economics and Management, Königsworther Platz 1, 30167 Hannover, Germany;1. University of Le Mans (GAINS-TEPP & IRA), France;2. Paris School of Economics, France;3. Cepremap, France;4. IZA, Germany;5. Banque de France, France;1. Faculty of Business and Commerce, Keio University, 2-15-45 Mita, Minato-ku, Tokyo, 108-8345, Japan;2. Department of Statistics, The University of Chicago, 5734 S. University Avenue Chicago, IL 60637, United States;1. University of New South Wales, UNSW Canberra, PO Box 7916, Canberra BC ACT 2610, Australia;2. Monash University, PO Box 11E, Victoria 3800, Australia;3. Suleman Dawood School of Business (SDSB), Lahore University of Management Sciences (LUMS), Pakistan;4. Institute for Prospective Technological Studies, World Trade Center, Isla de la Cartuja s/n, 41092 Seville, Spain |
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| Abstract: | Household consumption exhibits economies of scale as the number of household members increases. We collect survey data from two countries, Germany and France, in order to obtain direct subjective estimates of household consumption economies of scale, and, in particular, to examine an additional dimension: whether household consumption economies of scale change as living standards go up. Our data from both countries indicate strongly that household economies of scale increase as the living standard goes up. We discuss the robustness of our survey method and compare our results to these of alternative estimation methods in the literature. |
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