Concept selected: Average income per consumption unit
- Definition
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Equivalised income is a measure of household income that takes account of the differences in a household's size and composition, and thus is equivalised or made equivalent for all household sizes and compositions. The equivalised income is calculated by dividing the household's total income by its equivalent size, which is calculated using the modified OECD equivalence scale.This scale attributes a weight to all members of the household: 1.0 to the first adult; 0.5 to the second and each subsequent person aged 14 and over; 0.3 to each child aged under 14.
- Source
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Living Conditions Survey (LCS). Methodology
- Topic
- Statistical operations (links to the Inventory of Statistical Operations)
- Concepts associated
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There are no related concepts