To measure poverty, incomes must be equivalized across households with different structures. In this paper, we use a very flexible ordered response model to analyze the relationship be- tween income, demographic structure and subjective assessments of financial wellbeing drawn from the 1991-2008...

We use a unique panel of household survey data - the Austrian version of the European Union Statistics on Income and Living Conditions (SILC) for 2008-2011 - which have been linked to individual administrative records on both state unemployment benefits and earnings. We assess the extent and...