Household organization as an indicator of individual well


What is the measurement of social welfare?

  • The measurement of social welfare is based on the economic theory of social choice. This provides a framework useful in choosing among th e many approaches for measuring social welfare considered in the literature. Measures of social welfare are based on the distribution of consumption scaled by a measure of household size.

What is the Wealth Index for household?

  • Formally, the wealth index for household iis the linear combination, 2 2 2 2 1 1 1 1 k k k i ks x x s x x s x x y ? + + ? + ? =? ? ? Where, xkand skare the mean and standard deviation of assetxk, and ?represents the weight for each variablexkfor the first principal component.

What is the OECD household data framework?

  • The framework, prepared by an international expert group working under the auspices of the OECD, is intended to assist national statistical offices and other data producers to develop data sets at the household level that are suitable for integrated analysis, and for facilitating comparisons between countries.

How should we measure household assets in LAPOP surveys?

  • One common choice, frequently used in the analysis of LAPOP surveys in the past, is to create an index based on the “count” of household assets. The rationale has been that since there is no a prioriway of weighting the various assets, assuming an equal weight of each was a reasonable way to proceed.
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