Econometrica Vol. 43 No. 4 1975
The Distribution of Tenant Benefits in Public Housing
Abstract
In this paper we estimate the Hicksian equivalent variation of consumer's surplus for a sample of public housing tenants and examine the distribution of these surpluses by household characteristics. To do this we estimate the parameters of a generalized CES utility function (imposing second order constraints as needed) and of a Cobb-Douglas utility function. The Cobb-Douglas specification is rejected statistically and benefit estimates based on it follow a significantly different distributional pattern than those estimated with the generalized CES, although there is not much difference in average benefits.
- DOI
- 10.2307/1913085
- Volume
- 43
- Issue
- 4
- Pages
- 771
- Sources
- bibtex:phds-export.bib openalex crossref