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  • 1
    Electronic Resource
    Electronic Resource
    Aggregation of Utility and Equivalence Scales: A Solution to the Pangloss Critique (2003)
    Oxford, UK : Blackwell Publishing Ltd.
    Review of income and wealth 49 (2003), S. 0 
    Details
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Definitions of equivalence scales are usually based on a household utility function. This may be founded on an assumption of the household maximizing a welfare function of individual utilities. Basing inter-household comparisons of welfare on this approach is fallacious because households put different weight on the utility of the various household members, a weighting that does not necessarily correspond to an ethically sound aggregation of utility. This is called the Pangloss critique. To solve the problem, I suggest keeping the model of household behavior, but to introduce a new function to aggregate the household members’ utilities. Equivalence scales based on this approach are shown to have desirable properties.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.0034-6586.2003.00104.x
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    Paper (German National Licenses)
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  • 2
    Electronic Resource
    Electronic Resource
    Does Permanent Income Determine the Vote? (2007)
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    The @B.E. journal of macroeconomics 7.2007, 1, art19 
    Details
    ISSN: 1555-0486
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: The relationship between income and voting is usually studied using current income. Instead, I estimate how permanent income affects voting and to what extent voters are forward looking. A proxy for permanent income is constructed from stated expectations about one's future economic situation. Using panel data from the Norwegian Election Study I estimate the effect of stated expectations on realized future income to compute the effect of expectations. This is then linked to voting behaviour. Contrasting permanent and transitory income, the former has a large impact and the latter has little explanatory power on voting. This supports the hypothesis of forward looking voting. A high expected permanent income increase the propensity to vote Conservative.
    Type of Medium: Electronic Resource
    URL: http://www.bepress.com/bejm/vol7/iss1/art19
    Library Location Call Number Volume/Issue/Year Availability
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    Paper (German National Licenses)
    Fulltext
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