View More View Less
  • 1 Professor at Vistula University and Institute of Economics
  • | 2 University of Warsaw
  • | 3 Robert B. Zajonc Institute for Social Studies, University of Warsaw
Restricted access

Purchase article

USD  $25.00

1 year subscription (Individual Only)

USD  $700.00

Equivalence scales are commonly employed in income analysis to compare the wealth of households of various compositions (e.g., 0-child, 1-child). The choice of weights for this type of analysis is not self-evident. In this paper, subjective equivalence scales for households in Poland, the Czech Republic, and Hungary are estimated. We use longitudinal EU-SILC data for 2005–2012 following the approach of Goedhart et al. (1977) as employed by Bishop et al. (2014). The use of longitudinal data shows that previous results on the subjective minimum income that were based on the OLS estimates for cross-section data overestimated the impact from current income and underestimated the role of economies of scale. Subjective equivalence scales imply a decreasing marginal cost of children in the three countries, which makes them distinct from the OECD scale. The marginal cost of a first child is similar to the values assumed in the OECD scale, but the cost of a second child is much lower.

  • Bollinger, C.Nicoletti, C.Pudney, S. (2012): Two can Live as Cheaply as One…But Three’s a Crowd. ISER Working Paper, No. 10/2012.

    • Search Google Scholar
    • Export Citation
  • Bertrand, M.Duflo, E.Mullainathan, S. (2004): How Much should We Trust Differences-in-Differences Estimates? Quarterly Journal of Economics, 119(1): 249275.

    • Search Google Scholar
    • Export Citation
  • Bishop, J. A.Luo, F.Pan, X. (2006): Economic Transition and Subjective Poverty in Urban China. Review of Income and Wealth, 52(4): 625641.

    • Search Google Scholar
    • Export Citation
  • Bishop, J. A.Grodner, A.Liu, H.Ahamdanech-Zarco, I. (2014): Subjective Poverty Equivalence Scales for Euro Zone Countries. The Journal of Economic Inequality, 12(2): 265278.

    • Search Google Scholar
    • Export Citation
  • Chiappori, P. A. (2015): Equivalence versus Indifference Scales. The Economic Journal, 126(592): 523545.

  • Engel, E. (1895): Die Lebenskosten Belgischer Arbeiter-Familien Früher and Jetzt. International Statistical Institute Bulletin, 9: 174.

    • Search Google Scholar
    • Export Citation
  • Goedhart, T.Halberstadt, V.Kepteyn, A.Van Praag, B. (1977): The Poverty Line: Concept and Measurement. Journal of Human Resources, 12(4): 503520.

    • Search Google Scholar
    • Export Citation
  • Grodner, A.Salas, R. (2013): Utility Independent Subjective Poverty Line and Equivalence Scale. Presentation at the 5th ECINEQ Meeting, 22–24 July 2013, Bari.

    • Search Google Scholar
    • Export Citation
  • Kahneman, D.Krueger, A. B. (2006): Developments in the Measurement of Subjective Well-Being. Journal of Economic Perspectives, 20(1): 324.

    • Search Google Scholar
    • Export Citation
  • Kapteyn, A.van de Geer, S.van de Stadt, H. (1985): The Impact of Changes in Income and Family Composition on Subjective Measures of Well-Being. In: David, M.Smeeding, T. (eds): Horizontal Equity, Uncertainty, and Economic Well-Being. Chicago: University of Chicago Press, pp. 3568.

    • Search Google Scholar
    • Export Citation
  • Knight, J.Gunatilaka, R. (2012): Income, Aspirations and the Hedonic Treadmill in a Poor Society. Journal of Economic Behaviour & Organization, 82(1): 6781.

    • Search Google Scholar
    • Export Citation
  • MacKerron, G. (2012): Happiness Economics from 35,000 Feet. Journal of Economic Surveys, 26(4): 705735.

  • OECD (2016): Family Benefits Public Spending (Indicator).

  • van Praag, B. (1971): The Welfare Function of Income in Belgium: An Empirical Investigation. European Economic Review, 11(3): 337369.

    • Search Google Scholar
    • Export Citation
  • van Praag, B.Ferrer-i-Carbonell, A. (2004): Happiness Quantified. Oxford: Oxford University Press.

  • van Praag, B.Van der Sar, N. (1988): Household Cost Functions and Equivalence Scales. Journal of Human Resources, 23(2): 193210.

    • Search Google Scholar
    • Export Citation
  • PricewaterhouseCoopers (2015): Family Tax Reliefs and Benefits in the EU, https://www.pwc.pl/pl/pdf/family-tax-reliefs-and-benefits-in-the-eu.pdf, Accessed on January 28, 2016.

    • Search Google Scholar
    • Export Citation
  • Ree, de J.Alessiez, R.Pradhanx, M. (2013): The Price and Utility Dependence of Equivalence Scales: Evidence from Indonesia. Journal of Public Economics, 97: 272281.

    • Search Google Scholar
    • Export Citation
  • Schokkaert, E.Van Ootegemy, L.Verhof, E. (2011): Preferences and Subjective Satisfaction: Measuring Well-Being on the Job for Policy Evaluation. CESifo Economic Studies, 57(4): 683714.

    • Search Google Scholar
    • Export Citation
  • Schwarze, J. (2003): Using Panel Data on Income Satisfaction to Estimate Equivalence Scale Elasticity. Review of Income and Wealth, 49(3): 359372.

    • Search Google Scholar
    • Export Citation
  • Veenhoven, R. (2002): Why Social Policy Needs Subjective Indicators? Social Indicators Research, (11)58: 3345.

  • Wooldridge, J. (2010): Econometric Analysis of Cross-Section and Panel Data. Cambridge: MIT Press.

Submit Your Manuscript
 
The author instruction is available in PDF.
Please, download the file from HERE.

 

The description of the refereeing procedure is available in PDF.
Please, download the file from HERE.

 

 

Senior editors

Editor(s)-in-Chief: Prof. Dr. Mihályi, Péter

Editor(s): Ványai, Judit

Editorial Board

  • Ádám Török (Chairman) / University of Pannonia; Budapest University of Technology and Economics
  • Edina Berlinger / Corvinus University of Budapest, Department of Finance
  • Péter Halmai / Budapest University of Technology and Economics; National University of Public Service
  • Gábor Kézdi / University of Michigan
  • István Kónya / Institute of Economics Centre for Regional and Economic Studies, University of Pécs
  • János Köllő / Institute of Economics Centre for Regional and Economic Studies
  • István Magas / Corvinus University of Budapest, Department of World Economy; University of Physical Education, Department. of Sports and Decision Sciences
 

Advisory Board

  • Ǻslund, Anders
  • Kolodko, Grzegorz
  • Mau, Vladimir
  • Messerlin, Patrick A
  • Nuti, Mario Domenico
  • Wagener, Hans-Jürgen

Corvinus University of Budapest
Department of Economics
Fővám tér 8 Budapest, H-1093, Hungary

Indexing and Abstracting Services:

  • EconLit
  • Elsevier GEO Abstracts
  • GEOBASE
  • International Bibliographies IBZ and IBR
  • JEL
  • Referativnyi Zhurnal
  • RePEc
  • SCOPUS
  • Social Science Citation Index
  • Index Copernicus

 

2020  
Total Cites 275
WoS
Journal
Impact Factor
0,875
Rank by Economics 325/377 (Q4)
Impact Factor  
Impact Factor 0,534
without
Journal Self Cites
5 Year 0,500
Impact Factor
Journal  0,38
Citation Indicator  
Rank by Journal  Economics 347/549 (Q3)
Citation Indicator   
Citable 37
Items
Total 37
Articles
Total 0
Reviews
Scimago 13
H-index
Scimago 0,292
Journal Rank
Scimago Economics and Econometrics Q3
Quartile Score  
Scopus 225/166=1,4
Scite Score  
Scopus Economics and Econometrics 392/661 (Q3)
Scite Score Rank  
Scopus 0,668
SNIP  
Days from  289
sumbission  
to acceptance  
Days from  447
acceptance  
to publication  

2019  
Total Cites
WoS
212
Impact Factor 0,914
Impact Factor
without
Journal Self Cites
0,728
5 Year
Impact Factor
0,650
Immediacy
Index
0,156
Citable
Items
45
Total
Articles
45
Total
Reviews
0
Cited
Half-Life
3,9
Citing
Half-Life
9,5
Eigenfactor
Score
0,00015
Article Influence
Score
0,052
% Articles
in
Citable Items
100,00
Normalized
Eigenfactor
0,01891
Average
IF
Percentile
28,437
Scimago
H-index
12
Scimago
Journal Rank
0,439
Scopus
Scite Score
214/165=1,3
Scopus
Scite Score Rank
Economics and Econometrics 355/637 (Q3)
Scopus
SNIP
0,989

 

Acta Oeconomica
Publication Model Hybrid
Submission Fee none
Article Processing Charge 900 EUR/article
Printed Color Illustrations 40 EUR (or 10 000 HUF) + VAT / piece
Regional discounts on country of the funding agency World Bank Lower-middle-income economies: 50%
World Bank Low-income economies: 100%
Further Discounts Editorial Board / Advisory Board members: 50%
Corresponding authors, affiliated to an EISZ member institution subscribing to the journal package of Akadémiai Kiadó: 100%
Subscription Information Online subsscription: 588 EUR / 732 USD
Print + online subscription: 688 EUR / 860 USD
Online subscribers are entitled access to all back issues published by Akadémiai Kiadó for each title for the duration of the subscription, as well as Online First content for the subscribed content.
Purchase per Title Individual articles are sold on the displayed price.

Acta Oeconomica
Language English
Size B5
Year of
Foundation
1966
Publication
Programme
2021 Volume 71
Volumes
per Year
1
Issues
per Year
4
Founder Magyar Tudományos Akadémia
Founder's
Address
H-1051 Budapest, Hungary, Széchenyi István tér 9.
Publisher Akadémiai Kiadó
Publisher's
Address
H-1117 Budapest, Hungary 1516 Budapest, PO Box 245.
Responsible
Publisher
Chief Executive Officer, Akadémiai Kiadó
ISSN 0001-6373 (Print)
ISSN 1588-2659 (Online)