equivalisation

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English

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Noun

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equivalisation (plural equivalisations)

  1. (economics) The estimation of a representative income of a household from a weighted average of those of its members.
    • 2015 July 22, “The Economic Lives of People with Disabilities in Vietnam”, in PLOS ONE[1], →DOI:
      The equivalisation of household income furthermore does not account adequately for the opportunity costs in income experienced by other household members due to care-giving responsibilities, similar to methods which attempt to estimate the income loss attributable to productivity gaps between disabled and non-disabled people [28 ].