What question did this study set out to answer?

To respond to critiques on the methodology used in the analysis of alternative income concepts.

The Comparison of Alternative Income Concepts: A Reply.

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Author replies to Liao’s critique on research methodology and statistical methods regarding income concepts.

To respond to critiques on the methodology used in the analysis of alternative income concepts.
Examines comments by Shu Liao on the study of income concepts.
Discusses statistical methods and components of income utilized in the original study.
Clarifies misinterpretations of original study conclusions.
Highlights the significance of statistical tests in evaluating income concepts.

Kratchman et al. (1975) studied this question.

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