Abstract

CAMPOS URRIBARRI, MARÍA LORENA. WELFARE ALTERNATIVE MEASUREMENT: USE OF THE WELFARE ABBREVIATED INDEX TO THE FAMILY BUDGET SURVEY IN VENEZUELA. Rev.fac.cienc.econ. [online]. 2015, vol.23, n.2, pp.53-79. ISSN 0121-6805.  https://doi.org/10.18359/rfce.1607.

The aim of this work is to calculate the welfare abbreviated index (IAB Spanish acronym) in order to describe the welfare profile done by The Third National Family Budget Survey of Venezuela (IIIº EPF Spanish acronym). Following the established methodology by its creators; improvements and incompatibilities were detected in the data. This led to the adjustment of the formulas originally proposed. The revised IAB versión was applied. As a result households enjoy in average 14% welfare; subsistence and protection are determining factors. Better placed households with less tan 5 members do not go beyond middle class. It includes more tan 30% remuneration rates and social welfare coverage, no illiterate population and a good education level. Socioeconomic class and "working hours" seem to mediate among expenditure indicators and the IAB. There isn't much social inequality focused in the population's first decile.

Keywords : Welfare Indicator; Welfare; National Family Budget Survey; Venezuela.

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