RES2015: Hahn lecture (Pierre-André Chiappori)

Delivering the 2015 Hahn lecture, Pierre-André Chiappori discusses the widespread use of equivalence scales to compare welfare across individuals and households, and argues that indifference scales, which compare a person’s welfare in different situations, have much sounder theoretical foundations. Presentation by Pierre-André Chiappori (Columbia University) with introduction from Richard Blundell (UCL and IFS)