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Title
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Preference elicitation methods and equivalent income : an overview
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Author
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Abstract
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| The equivalent income is a preference-based, interpersonally comparable measure of well-being. Although its theoretical foundations are well-established, empirical applications remain limited, primarily due to the detailed data requirements on individuals’ preferences across various well-being dimensions. This paper reviews the literature on preference elicitation methods with a focus on estimating equivalent income. We examine several survey-based methods, including contingent valuation, multi-attribute choice or rating experiments, and life satisfaction regressions. The review highlights the advantages and limitations of each method, emphasizing the considerable scope for methodological improvements and innovations. |
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Language
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English
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Source (series)
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CSB working paper ; 24/09
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Publication
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Antwerp
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Herman Deleeck Centre for Social Policy, University of Antwerp
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2024
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Volume/pages
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56 p.
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Full text (open access)
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