01610cam a22002297 4500001000600000003000500006005001700011008004100028100002000069245009900089260006600188490005100254500001500305520069000320530006101010538007201071538003601143710004201179830008601221856003701307856003601344t0016NBER20170821214944.0170821s1981 mau||||fs|||| 000 0 eng d1 aKing, Mervyn A.10aWelfare Analysis of Tax Reforms Using Household Datah[electronic resource] /cMervyn A. King. aCambridge, Mass.bNational Bureau of Economic Researchc1981.1 aNBER technical working paper seriesvno. t0016 aJuly 1981.3 aThe paper discusses a methodology for calculating the distribution of gains and losses from a policy change using data for a large sample of households. Estimates are based on the equivalent income function, which is money metric utility defined over observable variables. This enables calculations to be standardised, and a computer program to compute the statistics presented in the paper is available for a general demand system. Equivalent income is related to measures of deadweight loss, and standard errors are computed for each of the welfare measures. An application to UK data for 5895 households is given which simulates a reform that involves eliminating housing subsidies. aHardcopy version available to institutional subscribers. aSystem requirements: Adobe [Acrobat] Reader required for PDF files. aMode of access: World Wide Web.2 aNational Bureau of Economic Research. 0aTechnical Working Paper Series (National Bureau of Economic Research)vno. t0016.4 uhttp://www.nber.org/papers/t001641uhttp://dx.doi.org/10.3386/t0016