Horizontal Equity, Uncertainty, and Economic Well-being (Volume 50) (National Bureau of Economic Research Studies in Income and Wealth)

ISBN 10: 0226137260 / ISBN 13: 9780226137261

Published by University of Chicago Press, 1985

About this Item

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Bibliographic Details

• Title: Horizontal Equity, Uncertainty, and Economic Well-being (Volume 50) (National Bureau of Economic Research Studies in Income and Wealth)
• Publisher: University of Chicago Press
• Publication Date: 1985
• Language: English
• ISBN 10: 0226137260
• ISBN 13: 9780226137261
• Binding: Hardcover
• Condition: good

About this title

Synopsis

The result of a National Bureau of Economic Research Income and Wealth conference held in December 1983, this volume looks at the concept of "economic well-being" and the ways that analysts have tried to measure it. In addition to income, economists have begun to consider such factors as pensions, wealth, health, and environment when measuring the well-being of a particular group. They have also begun to measure how consumers respond, successfully or unsuccessfully, to such economic uncertainties as inflation, divorce, and retirement. Using new data and techniques, the contributors to this book concentrate on issues of uncertainty and horizontal equity (the equal treatment of individuals within a defined group). Their work points to better ways of determining how various groups in a society are faring relative to other groups. Economists and policy analysts, therefore, will be in a better position to determine how government programs should be applied when well-being is used as a test.

About the Author

Martin David is professor in the department of economics at the University of Wisconsin. Timothy Smeeding is professor of economics and director of the Division of Social Science Research at the University of Utah.