Definition: Equivalized income

Living conditions

Adjustment of household income to take into account economies of scale within a household. Members of a household are weighted differently according to age. The modified OECD equivalence scale which is used in this report assigns a weight of 1 to the first adult in a household, 0.5 to other adults and 0.3 to children.
Source:
Eurostat, "European social statistics. Income, powerty abd social exclusion: 2nd report. data 1994-1997", (2002 Edition), Office for Official Publications of the European Communities, 2002, Luxembourg
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