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A New Index To Value In‐Kind Benefits

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  • Barbara Wolfe
  • Robert Moffitt

Abstract

In this paper we present a new approach to valuing in‐kind benefits and a new index for that valuation. This approach is both individual (or family) specific and assigns a value to benefits for all those eligible for them, whether or not the benefits are actually used. The value is based on observed characteristics of the individual (and family) and location‐specific factors likely to influence the value. The index is created for individuals and can be aggregated to obtain a family‐specific value. An example of health insurance is used to demonstrate the approach. It is found that the value that single women with children place on health insurance depends on their own health status, the health status of their children, and their poverty status, among other factors.

Suggested Citation

  • Barbara Wolfe & Robert Moffitt, 1991. "A New Index To Value In‐Kind Benefits," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 37(4), pages 387-408, December.
    • Handle: RePEc:bla:revinw:v:37:y:1991:i:4:p:387-408
    DOI: 10.1111/j.1475-4991.1991.tb00380.x
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    Cited by:

    1. Gruber, Jonathan, 2000. "Cash welfare as a consumption smoothing mechanism for divorced mothers," Journal of Public Economics, Elsevier, vol. 75(2), pages 157-182, February.
    2. Frick, Joachim R. & Grabka, Markus M., 2001. "Der Einfluß von Imputed Rent auf die personelle Einkommensverteilung," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 221(3), pages 285-308.
    3. Joachim R. Frick & Markus M. Grabka, 2000. "Personelle Einkommensverteilung und der Einfluß von Imputed Rent," Discussion Papers of DIW Berlin 225, DIW Berlin, German Institute for Economic Research.
    4. Didem Bernard & Thomas Selden & Yuriy Pylypchuk, 2016. "The Distribution of Public Spending for Health Care in the United States on the Eve of Health Reform," NBER Chapters, in: Measuring and Modeling Health Care Costs, pages 459-474, National Bureau of Economic Research, Inc.
    5. Callan, Tim & Keane, Claire, 2009. "Non-cash Benefits and the Distribution of Economic Welfare," The Economic and Social Review, Economic and Social Studies, vol. 40(1), pages 49-71.
    6. Joachim R. Frick & Markus M. Grabka, 2002. "The Personal Distribution of Income and Imputed Rent: A Cross-National Comparison for the UK, West Germany and the USA," Discussion Papers of DIW Berlin 271, DIW Berlin, German Institute for Economic Research.
    7. Panos Pashardes & Nicoletta Pashourtidou, 2011. "Consumer welfare from publicly supplemented private goods: age and income effects on demand for health care," Empirical Economics, Springer, vol. 41(3), pages 865-885, December.
    8. Disney, Richard & Whitehouse, Edward, 2001. "Cross-country comparisons of pensioners’ incomes," MPRA Paper 16345, University Library of Munich, Germany.
    9. Frick Joachim R. & Grabka Markus M., 2001. "Der Einfluß von Imputed Rent auf die personelle Einkommensverteilung. The Impact of Imputed Rent on the Personal Distribution of Income," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 221(3), pages 285-308, June.
    10. Jason F. Shogren, 2001. "Children And The Environment: Valuing Indirect Effects On A Child'S Life Chances," Contemporary Economic Policy, Western Economic Association International, vol. 19(4), pages 382-396, October.
    11. Gary Painter, 1999. "Low-Income Housing Assistance: Its Impact on Labor Force and Housing Program Participation," Working Paper 8667, USC Lusk Center for Real Estate.

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