equivalisation

English

Noun

equivalisation (plural equivalisations)

1. (economics) The estimation of a representative income of a household from a weighted average of those of its members.
   • 2015 July 22, “The Economic Lives of People with Disabilities in Vietnam”, in PLOS ONE‎^[1], →DOI:

     The equivalisation of household income furthermore does not account adequately for the opportunity costs in income experienced by other household members due to care-giving responsibilities, similar to methods which attempt to estimate the income loss attributable to productivity gaps between disabled and non-disabled people [28 ].