This paper develops a price and quantity system of indicators structured round Atkinson's concept of inequality aversion. A democratic indicator of income growth, weighting each household's growth experience equally, is shown to result when Prais' democratic price index is used to deflate the geometric mean of equivalised household income. A welfare interpretation of the democratic indicator of income growth is provided and it is shown that, with heterogeneous but homothetic preferences, the deflator can serve as a common scaling social cost of living index when applied to income as well as to consumption. Application to United Kingdom household data suggests that, over the interval 2005/6-2015/6 democratic real equivalised household income grew by 0.20 per cent per annum while the plutocratic equivalent grew by 0.52 per cent per annum.

中文翻译：

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家庭收入增长的民主衡量标准：理论及其在英国的应用

本文围绕阿特金森的不平等厌恶概念构建了一个价格和数量指标体系。当使用Prais 的民主价格指数来缩小等价家庭收入的几何平均值时，会产生一个收入增长的民主指标，平均加权每个家庭的增长经验。提供了对收入增长民主指标的福利解释，并表明，具有异质但相似的偏好，当应用于收入和消费时，平减指数可以作为共同的社会生活成本指数缩放。对英国家庭数据的应用表明，在 2005/6-2015/6 期间，民主实际等值家庭收入每年增长 0.20%，而富豪等值家庭收入每年增长 0.52%。