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| Author: | Slesnick, D. |
| Title: | Empirical approaches to the measurement of welfare |
| Journal: | Journal of Economic Literature
1998 : DEC, VOL. 36:4, p. 2108-2191 |
| Index terms: | MEASUREMENT WELFARE ECONOMICS |
| Language: | eng |
| Abstract: | The measurement of welfare forms the foundation of public policy analysis. A full consideration of taxes, subsidies, transfer programs, health care reform, regulation, environmental policy, the social security system, and educational reform must ultimately address the question of how these policies affect the well-being of individuals. Confusion persists concerning the relationship between commonly used welfare indicators and well-established theoretical formulations. |
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