Aggregate Consumer Behaviour and the Measurement of Inequality

S-Tier
Journal: Review of Economic Studies
Year: 1984
Volume: 51
Issue: 3
Pages: 369-392

Authors (2)

Dale W. Jorgenson Daniel T. Slesnick (not in RePEc)

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper presents an approach to inequality measurement based on an econometric model of aggregate consumer behaviour. The novel feature of this model is that systems of individual demand functions can be recovered uniquely from the system of aggregate demand functions. We present methods for evaluating social welfare based on an explicit social welfare function. This social welfare function incorporates measures of individual welfare based on indirect utility functions for all consumer units. We develop indexes of inequality based on actual and potential levels of social welfare.

Technical Details

RePEc Handle
repec:oup:restud:v:51:y:1984:i:3:p:369-392.
Journal Field
General
Author Count
2
Added to Database
2026-01-25