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Evaluation Questions And Income Utility

Author

Listed:
  • van der Sar, N. L.
  • van Praag, B. M. S.
  • Dubnoff, S.

Abstract

In this paper we present an operational method to define and estimate income utility functions or welfare functions of income (WFI). Moreover, we present a theory and empirical evidence on the genesis and the determinants of WFI's that are seen to vary over individuals

Suggested Citation

  • van der Sar, N. L. & van Praag, B. M. S. & Dubnoff, S., 1986. "Evaluation Questions And Income Utility," Econometric Institute Archives 272355, Erasmus University Rotterdam.
    • Handle: RePEc:ags:eureia:272355
    DOI: 10.22004/ag.econ.272355
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    References listed on IDEAS

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    1. Van Praag, Bernard, 1971. "The welfare function of income in Belgium: An empirical investigation," European Economic Review, Elsevier, vol. 11(3), pages 337-369.
    2. Ratchford, Brian T., 1985. "The individual welfare function : A comment," Journal of Economic Psychology, Elsevier, vol. 6(4), pages 365-374, December.
    3. Van Praag, Bernard M. S. & Kapteyn, Arie, 1973. "Further evidence on the individual welfare function of income: An empirical investigatiion in The Netherlands," European Economic Review, Elsevier, vol. 4(1), pages 33-62, April.
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    Cited by:

    1. van Praag, B. M. S. & van der Sar, N. L., 1986. "Social Distance On The Income Dimension," Econometric Institute Archives 272359, Erasmus University Rotterdam.

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