## The measurement of welfare: theory and practical guidelines |

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analysis Angus Deaton approach approximation assumption behavior budget constraint compensating variation concepts conditioning variables consumer surplus consumer's context cost function c(u current consumption Deaton and Muellbauer defined deflated demand functions direct utility function discussed distance function durable economic Economist equality equivalence scale evaluated example family composition fixed food share full intertemporal gini coefficient given gives Hence household characteristics household h index numbers indifference curve individual welfare inequality measures intertemporal choice labor supply Laspeyres indices leisure life-cycle linear expenditure system Lorenz curves measure of welfare measuring welfare money metric utility money-metric utility Muellbauer 1980 Note paragraph period practical price changes price indices price vector problem quantity index quantity metric utility quasi-concavity reference household reference prices shadow prices social welfare function substitution effects substitution matrix sumer tastes Tornquist total expenditure true cost-of-living index true index wage rate weak separability welfare index welfare measurement