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st: how to deal with households
Hi,
I wonder if there is a consensus on how one deals with survey data
where one individual was asked - besides a lot of other things - about
the household income and the number of individuals in that household
(including roomers). Now I think I somehow got to adjust income as it
obviously depends whether one can use 5000$ for one, two or three
people. On the other side I wonder how individuals responded to the
household income question when they were just sharing a flat with
friends. But, there might be some consensus on that topic? So, is
there a good way to adjust household income?
Many thanks for your consideration,
Andrea
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