Measuring Socioeconomic Effects When Using Income as Quality of Life Indicator
Bibliographic Data
| ID | 2769628 |
|---|---|
| Authors | Maw Lin Lee (Chicago State University), Ben‐chieh Liu (Chicago State University) |
| Year | 1988 |
| Volume | 47 |
| Issue | 2 |
| Pages | 167-175 |
| Publication date | 1988-04-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | American Journal of Economics and Sociology (JOURNAL) |
| Journal identifiers | ISSN: 0002-9246 • E-ISSN: 1536-7150 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1536-7150.1988.tb02022.x |
| OpenAlex | W2006832954 |
| Language | EN |
| References cited | 2 |
By generalizing Stigler and Becker's idea of maintaining the "capital stock intact," and incorporating it with other contributions to welfare economic analysis, this paper presents a modified conceptual framework for measuring and adjusting impacts of socioeconomic and environmental factors when income or consumption expenditure is used solely as a quality of life indicator. Such measurements and adjustments are made for differences in public needs and in the process of satisfying these needs. Application of this conceptual framework is illustrated, using statistics on police protection and crime rates
Conceptual framework · Consumption (sociology) · Econometrics · Economics · Environmental economics · Geography · Public economics · Quality (philosophy) · Socioeconomic status · Sociology · Stock (firearms) · Welfare · Agricultural risk and resilience · Economics of Agriculture and Food Markets · Income, Poverty, and Inequality
| Highly cited | No |
|---|