Average monthly net income of private households in purchasing power standards (PPS) weighted by the modified OECD equivalence scale. Weighting by the modified OECD equivalence scale adjusts for the fact that income needs of households differ according to their size and composition. The weights are 1.0 for the first adult, 0.5 for the second and each additional adult, 0.3 for household members aged less than 14 years
Source:
up to 2001: European Community Household Panel (ECHP), UDB version of December 2002; 2005 onwards: European Union Statistics on Income and Living Conditions (EU-SILC); own calculations
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