Real Wage Indices
考察了包含休闲和非劳动收入的实际工资衡量方法,比较了部分与完全福利排序、基于效用与无效用指数的优劣,并检验了不同效用函数设定下指数的稳健性。
This paper examines real wage measures that include leisure and nonlabor income in consumption decisions with respect to the advantages and disadvantages of partial versus complete welfare orderings and of utility-based versus utility-free wage indices. In addition, we argue that the usefulness of a real wage measure beyond welfare comparison has been ignored. To test the robustness of utility-based indices, these real wage measures are calculated for two different utility-function specifications, the indirect addilog system and the linear expenditure system. Further comparisons are made against index bounds that are independent of the functional form for preferences.