Formats and related files
Regrettably our colleague Ivan Tuckwell passed away during the finalisation of this paper. We would like to record our appreciation of the skill and knowledge that Ivan brought to all his modelling work.
We also thank Paul Callister, Brian Easton, David Fergusson, John Jensen and seminar participants at Treasury for comments and discussions.
The views, opinions, findings, and conclusions or recommendations expressed in this Working Paper are strictly those of the author(s). They do not necessarily reflect the views of the New Zealand Treasury. The Treasury takes no responsibility for any errors or omissions in, or for the correctness of, the information contained in these working papers. The paper is presented not as policy, but with a view to inform and stimulate wider debate.
Table of Contents
- 1 Introduction
- 2 The Living Standards Survey
- 2.2 Why the correlation between income and material well-being is so low
- 2.3 The Relationship between Material Well-being and Current Income
- 2.4 The Relationship between Material Well-being and Accommodation Costs
- 3 Empirical Analysis and Results
- 3.3 Relaxing the Accommodation Costs Specification
- 4 Concluding Discussion